GOLD, SILVER, WTI | 12 November 2021

• XAUUSD


• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1753.45-1762.44. At the moment, the GOLD is trading higher, indicating the strength of buyers.


• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1790.07-1793.14. At the moment, the GOLD is trading higher, indicating the strength of buyers.


• The area of profitable prices for buy in terms of marginal cover is located between zones 1/4 and 1/2 constructed from the maximum 08.11.2021.


• Quotation of the higher boundary of the zone 1/4–1802.58.


• Quotation of the higher boundary of the zone 1/2–1783.78.


• Intraday objectives: update the highs from 08.11.2021–1821.28.


• Medium-term objectives: test the lower bound of WCZ–1831.78.


• Trading recommendations: buys from the range of favorable prices in the formation of a reversal pattern.




• Buy: 1783.78-1802.58, Take Profit 1–1821.28, Take Profit 2–1831.78.




• XAGUSD


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 23.916-24.339. Currently, the SILVER is trading within the specified range, indicating a temporary uncertainty.


• Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 23.989-24.063. Currently, the SILVER is trading within the specified range, indicating a temporary uncertainty.


• The area of profitable prices for sell in terms of marginal cover is located between zones 1/4 and 1/2 constructed from the minimum 03.11.2021.


• Quotation of the higher boundary of the zone 1/4–23.527.


• Quotation of the higher boundary of the zone 1/2–24.102.


• Intraday objectives: update the lows from 03.11.2021–22.952.


• Medium-term objectives: test the higher bound of WCZ–22.527.


• Trading recommendations: sells from the range of favorable prices in the formation of a reversal pattern.




• Sell: 23.527-24.102, Take Profit 1–22.952, Take Profit 2–22.527.


 


 


• WTI


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 81.427-82.818. Currently, the WTI is trading within the specified range, indicating a temporary uncertainty.


• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 79.955-80.299. At the moment, the WTI is trading higher, indicating the strength of buyers.


• The area of profitable prices for buy in terms of marginal cover is located between zones 1/4 and 1/2 constructed from the maximum 08.11.2021.


• Quotation of the higher boundary of the zone 1/4–80.293.


• Quotation of the higher boundary of the zone 1/2–79.013.


• Intraday objectives: update the highs from 08.11.2021–81.563.


• Medium-term objectives: test the higher bound of WCZ-82.443.


• Trading recommendations: buys from the range of favorable in the formation of a reversal pattern.




• Buy: 79.013-80.293, Take Profit 1-81.563, Take Profit 2-82.443.




 

James Hoggarth
Analyst of FreshForex
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