GOLD, SILVER, WTI | 19 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.GOLD, SILVER, WTI


• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1822.17-1827.73. 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 15.11.2021.


• Quotation of the higher boundary of the zone 1/4–1851.28.


• Quotation of the higher boundary of the zone 1/2–1832.48.


• Intraday objectives: update the highs from 15.11.2021–1869.98.


• Medium-term objectives: test the lower bound of SWCZ–1905.88.GOLD, SILVER, WTI


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



• Buy: 1832.48-1851.28, Take Profit 1–1869.98, Take Profit 2–1905.88.




• XAGUSD


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 23.916-24.339. At the moment, the SILVER is trading higher, indicating the strength of buyers.GOLD, SILVER, WTI


• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 24.966-25.054. Currently, the SILVER is trading within the specified range, indicating a temporary uncertainty.


• 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 12.11.2021.


• Quotation of the higher boundary of the zone 1/4–24.799.


• Quotation of the higher boundary of the zone 1/2–24.224.


• Intraday objectives: update the highs from 12.11.2021–25.374.


• Medium-term objectives: test the lower bound of GWCZ–26.399.GOLD, SILVER, WTI


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



• Buy: 24.224-24.799, Take Profit 1–25.374, Take Profit 2–26.399.




• WTI


• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 81.102-82.071. At the moment, the WTI is trading lower, indicating the weakness of buyers.GOLD, SILVER, WTI


• Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 80.335-80.499. At the moment, the WTI is trading lower, indicating the strength of sellers.


• 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 12.11.2021.


• Quotation of the lower boundary of the zone 1/4–79.973.


• Quotation of the lower boundary of the zone 1/2–81.243.


• Intraday objectives: update the highs from 12.11.2021–79.973.


• Medium-term objectives: test the higher bound of GWCZ-78.223.GOLD, SILVER, WTI


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



• Sell: 79.973-81.243, Take Profit 1-79.973, Take Profit 2-78.223.




• WCZ (weekly control zone)


• GWCZ (golden weekly control zone)


• SWCZ (silver weekly control zone)




 

James Hoggarth
Analyst of FreshForex
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