GOLD, SILVER, WTI | 17 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.GOLD, SILVER, WTI


• 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 1/4–1780.33.


• Quotation of the lower boundary of the zone 1/2–1799.03.


• Intraday objectives: update the lows from 02.12.2021–1761.53.


• Medium-term objectives: test the lower bound of SWCZ–1731.23.GOLD, SILVER, WTI


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



• Sell: 1780.33-1799.03, Take Profit 1–1761.53, Take Profit 2–1731.23.




• 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.GOLD, SILVER, WTI


• 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. 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 10.12.2021.


• Quotation of the higher boundary of the zone 1/4–22.362.


• Quotation of the higher boundary of the zone 1/2–22.937.


• Intraday objectives: update the lows from 10.12.2021–21.787.


• Medium-term objectives: test the higher bound of SWCZ–20.912.GOLD, SILVER, WTI


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



• Sell: 22.362-22.937, Take Profit 1–21.787, Take Profit 2–20.912.




• 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.GOLD, SILVER, WTI


• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 72.072-72.351. 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 09.12.2021.


• Quotation of the higher boundary of the zone 1/4–71.650.


• Quotation of the higher boundary of the zone 1/2–70.190.


• Intraday objectives: update the highs from 09.12.2021–73.110.


• Medium-term objectives: test the higher bound of SWCZ-73.940.GOLD, SILVER, WTI


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



• Buy: 70.190-71.650, Take Profit 1-73.110, Take Profit 2-73.940.




 

James Hoggarth
Analyst of FreshForex
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