GOLD, SILVER, WTI | 13 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 1902.45-1907.33. 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 03.05.2022.


• Quotation of the lower boundary of the zone 1/4–1869.60.


• Quotation of the lower boundary of the zone 1/2–1887.60.


• Intraday objectives: update the lows from 03.05.2022–1851.60.


• Medium-term objectives: test the lower bound of GWCZ–1824.90.GOLD, SILVER, WTI


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



• Sell: 1869.60-1887.60, Take Profit 1–1851.60, Take Profit 2–1824.90.




• XAGUSD


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 22.316-22.479. Currently, the pair 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 22.576-22.655. 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 06.05.2022.


• Quotation of the lower boundary of the zone 1/4–22.543.


• Quotation of the lower boundary of the zone 1/2–22.968.


• Intraday objectives: update the lows from 06.05.2022–22.118.


• Medium-term objectives: test the higher bound of SWCZ–21.483.GOLD, SILVER, WTI


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



• Sell: 22.543-22.968, Take Profit 1–22.118, Take Profit 2–21.483.




• WTI


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 99.669-101.293. 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 104.921-105.583. 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 05.05.2022.


• Quotation of the higher boundary of the zone 1/4–107.907.


• Quotation of the higher boundary of the zone 1/2–105.727.


• Intraday objectives: update the highs from 05.05.2022–110.097.


• Medium-term objectives: test the higher bound of SWCZ-111.507.GOLD, SILVER, WTI


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



• Buy: 105.727-107.907, Take Profit 1-110.097, Take Profit 2-111.507.




 

James Hoggarth
Analyst of FreshForex
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