GOLD, SILVER, WTI | 08 April 2022

• XAUUSD


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1919.50-1927.31. Currently, the GOLD is trading within the specified range, indicating a temporary uncertainty.GOLD, SILVER, WTI


• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1924.67-1928.26. At the moment, the GOLD 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 31.03.2022.


• Quotation of the higher boundary of the zone 1/4–1934.05.


• Quotation of the higher boundary of the zone 1/2–1916.05.


• Intraday objectives: update the highs from 31.03.2022–1952.05.


• Medium-term objectives: test the lower bound of WCZ–1962.25.GOLD, SILVER, WTI


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



• Buy: 1916.05–1934.05, Take Profit 1–1952.05, Take Profit 2–1962.25.




• XAGUSD


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 24.937-25.062. At the moment, the SILVER is trading lower, indicating the strength of sellers.GOLD, SILVER, WTI


• Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 25.035-25.117. 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 29.03.2022.


• Quotation of the lower boundary of the zone 1/4–24.382.


• Quotation of the lower boundary of the zone 1/2–24.857.


• Intraday objectives: update the lows from 29.03.2022–23.907.


• Medium-term objectives: test the higher bound of GWCZ–23.172.GOLD, SILVER, WTI


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



• Sell: 24.382-24.857, Take Profit 1–23.907, Take Profit 2–23.172.




• WTI


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 100.988-102.794. 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 101.799-102.277. 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 01.04.2021.


• Quotation of the lower boundary of the zone 1/4–99.589.


• Quotation of the lower boundary of the zone 1/2–102.279.


• Intraday objectives: update the highs from 01.04.2021–96.899.


• Medium-term objectives: test the higher bound of GWCZ-91.749.GOLD, SILVER, WTI


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



• Sell: 99.589–102.279, Take Profit 1–96.899, Take Profit 2–91.749.




• WCZ (weekly control zone)


• GWCZ (golden weekly control zone)


• SWCZ (silver weekly control zone)




 

James Hoggarth
Analyst of FreshForex
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