GOLD, SILVER, WTI | 01 July 2022

• XAUUSD


• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1842.53-1849.62. At the moment, the GOLD is trading lower, indicating the strength of sellers.GOLD, SILVER, WTI


• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1829.49-1832.02. At the moment, the GOLD 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 16.06.2022.


• Quotation of the higher boundary of the zone 1/4–1841.90.


• Quotation of the higher boundary of the zone 1/2–1823.90.


• Intraday objectives: update the highs from 16.06.2022–1859.90.


• Medium-term objectives: test the lower bound of WCZ–1876.50.GOLD, SILVER, WTI


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



• Buy: 1823.90–1841.90, Take Profit 1–1859.90, Take Profit 2–1876.50.




• XAGUSD


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 21.045-21.252. At the moment, the SILVER is trading higher, indicating the weakness 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 21.690-21.781. 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 24.06.2022.


• Quotation of the lower boundary of the zone 1/4–21.002.


• Quotation of the lower boundary of the zone 1/2–21.427.


• Intraday objectives: update the lows from 24.06.2022–20.577.


• Medium-term objectives: test the higher bound of WCZ–20.342.GOLD, SILVER, WTI


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



• Sell: 21.002-21.427, Take Profit 1–20.577, Take Profit 2–20.342.




• WTI


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 102.535-104.297. 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 104.556-105.039. 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 24.06.2022.


• Quotation of the higher boundary of the zone 1/4–105.575.


• Quotation of the higher boundary of the zone 1/2–103.495.


• Intraday objectives: update the highs from 24.06.2022–107.665.


• Medium-term objectives: test the higher bound of WCZ-108.965.GOLD, SILVER, WTI


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



• Buy: 103.495-105.575, Take Profit 1-107.665, Take Profit 2-108.965.




 

James Hoggarth
Analyst of FreshForex
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