GOLD, SILVER, WTI | 04 February 2022

• XAUUSD


• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1785.36-1793.90. 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 1795.73-1799.54. At the moment, the GOLD 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 28.01.2022.


• Quotation of the lower boundary of the zone 1/4–1795.03.


• Quotation of the lower boundary of the zone 1/2–1810.03.


• Intraday objectives: update the lows from 28.01.2022–1780.03.


• Medium-term objectives: test the lower bound of GWCZ–1766.13.GOLD, SILVER, WTI


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



• Sell: 1795.03-1810.03, Take Profit 1–1780.03, Take Profit 2–1766.13.


 


• XAGUSD


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 22.185-22.425. 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 22.720-22.810. At the moment, the SILVER 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 28.01.2022.


• Quotation of the higher boundary of the zone 1/4–22.604.


• Quotation of the higher boundary of the zone 1/2–23.079.


• Intraday objectives: update the lows from 28.01.2022–22.129.


• Medium-term objectives: test the higher bound of GWCZ–21.884.GOLD, SILVER, WTI


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



• Sell: 22.604-23.079, Take Profit 1–22.129, Take Profit 2–21.884.


 


• WTI


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 85.205-86.019. At the moment, the WTI 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 86.425-86.826. 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 28.01.2022.


• Quotation of the higher boundary of the zone 1/4–86.604.


• Quotation of the higher boundary of the zone 1/2–85.074.


• Intraday objectives: update the highs from 28.01.2022–88.144.


• Medium-term objectives: test the higher bound of SWCZ-89.834.GOLD, SILVER, WTI


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



• Buy: 85.074-86.604, Take Profit 1-88.144, Take Profit 2-89.834.




 

James Hoggarth
Analyst of FreshForex
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