GOLD, SILVER, WTI | 04 March 2022

• XAUUSD


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1888.70-1897.60. At the moment, the GOLD is trading higher, indicating the strength 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 1918.88-1924.23. 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 24.02.2022.


• Quotation of the lower boundary of the zone 1/4–1892.77.


• Quotation of the lower boundary of the zone 1/2–1909.27.


• Intraday objectives: update the lows from 24.02.2022–1876.27.


• Medium-term objectives: test the lower bound of SWCZ–1842.17.GOLD, SILVER, WTI


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



• Sell: 1892.77-1909.27, Take Profit 1–1876.27, Take Profit 2–1842.17.




• XAGUSD


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 24.104-24.275. At the moment, the SILVER is trading higher, indicating the strength 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 25.268-25.377. 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 24.02.2022.


• Quotation of the lower boundary of the zone 1/4–24.283.


• Quotation of the lower boundary of the zone 1/2–24.758.


• Intraday objectives: update the lows from 24.02.2022–23.808.


• Medium-term objectives: test the higher bound of WCZ–23.733.GOLD, SILVER, WTI


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



• Sell: 24.283-24.758, Take Profit 1–23.808, Take Profit 2–23.733.




• WTI


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 89.210-90.067. At the moment, the WTI is trading higher, indicating the strength 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 91.093-91.657. At the moment, the WTI 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 25.02.2021.


• Quotation of the lower boundary of the zone 1/4–88.978.


• Quotation of the lower boundary of the zone 1/2–90.678.


• Intraday objectives: update the highs from 25.02.2021–89.308.


• Medium-term objectives: test the higher bound of GWCZ-88.388.GOLD, SILVER, WTI


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



• Sell: 88.978–90.678, Take Profit 1–89.308, Take Profit 2–88.388.




• WCZ (weekly control zone)


• GWCZ (golden weekly control zone)


• SWCZ (silver weekly control zone)




 

James Hoggarth
Analyst of FreshForex
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