GOLD, SILVER, WTI | 10 December 2021

• XAUUSD


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1781.89-1787.73. Currently, the GOLD 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 1784.74-1788.98. Currently, the GOLD 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 02.12.2021.


• Quotation of the lower boundary of the zone 1/4–1780.03.


• Quotation of the lower boundary of the zone 1/2–1798.73.


• Intraday objectives: update the lows from 02.12.2021–1761.23.


• Medium-term objectives: test the lower bound of SWCZ–1730.93.


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




• Sell: 1780.03-1798.73, Take Profit 1–1761.23, Take Profit 2–1730.93.




• XAGUSD


• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 22.170-22.433. 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 22.258-22.370. At the moment, the SILVER is trading higher, indicating the weakness 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 03.12.2021.


• Quotation of the higher boundary of the zone 1/4–22.580.


• Quotation of the higher boundary of the zone 1/2–23.155.


• Intraday objectives: update the lows from 03.12.2021–22.005.


• Medium-term objectives: test the higher bound of SWCZ–20.910.


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




• Sell: 22.580-23.155, Take Profit 1–22.005, Take Profit 2–20.910.




• WTI


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 77.756-78.519. At the moment, the WTI is trading lower, indicating the strength of sellers.


• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 68.036-68.343. At the moment, the WTI is trading lower, indicating the weakness 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 03.12.2021.


• Quotation of the higher boundary of the zone 1/4–67.622.


• Quotation of the higher boundary of the zone 1/2–66.162.


• Intraday objectives: update the highs from 03.12.2021–69.082.


• Medium-term objectives: test the higher bound of GWCZ-71.072.


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




• Buy: 66.162-67.622, Take Profit 1-69.082, Take Profit 2-71.072.




 

James Hoggarth
Analyst of FreshForex
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