GOLD, SILVER, WTI | 06 May 2022

• XAUUSD


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1926.66-1936.43. At the moment, the GOLD 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 1955.41-1957.88. 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 28.04.2022.


• Quotation of the lower boundary of the zone 1/4–1891.69.


• Quotation of the lower boundary of the zone 1/2–1909.69.


• Intraday objectives: update the lows from 28.04.2022–1873.69.


• Medium-term objectives: test the lower bound of SWCZ–1861.79.GOLD, SILVER, WTI


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



• Sell: 1891.69-1909.69, Take Profit 1–1873.69, Take Profit 2–1861.79.




• XAGUSD


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 22.988-23.142. 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 23.015-23.118. 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 02.05.2022.


• Quotation of the lower boundary of the zone 1/4–23.034.


• Quotation of the lower boundary of the zone 1/2–23.459.


• Intraday objectives: update the lows from 02.05.2022–22.609.


• Medium-term objectives: test the higher bound of GWCZ–22.344.GOLD, SILVER, WTI


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



• Sell: 23.034-23.459, Take Profit 1–22.609, Take Profit 2–22.344.




• WTI


• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 101.525-102.840. 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 101.161-101.771. 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 18.04.2022.


• Quotation of the higher boundary of the zone 1/4–105.240.


• Quotation of the higher boundary of the zone 1/2–103.060.


• Intraday objectives: update the highs from 18.04.2022–107.430.


• Medium-term objectives: test the higher bound of GWCZ-107.850.GOLD, SILVER, WTI


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



• Buy: 103.060-105.240, Take Profit 1-107.430, Take Profit 2-107.850.




 

James Hoggarth
Analyst of FreshForex
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