GOLD, SILVER, WTI | 08 July 2022

• XAUUSD


• Long-term trend: goes long. 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 short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1838.22-1842.12. 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 01.07.2022.


• Quotation of the lower boundary of the zone 1/4–1801.15.


• Quotation of the lower boundary of the zone 1/2–1819.15.


• Intraday objectives: update the lows from 01.07.2022–1783.15.


• Medium-term objectives: test the lower bound of GWCZ–1753.25.GOLD, SILVER, WTI


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



• Sell: 1801.15-1819.15, Take Profit 1–1783.15, Take Profit 2–1753.25.




• XAGUSD


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 20.659-20.925. 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 20.763-20.870. 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 01.07.2022.


• Quotation of the lower boundary of the zone 1/4–19.790.


• Quotation of the lower boundary of the zone 1/2–20.215.


• Intraday objectives: update the lows from 01.07.2022–19.365.


• Medium-term objectives: test the higher bound of SWCZ–18.735.GOLD, SILVER, WTI


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



• Sell: 19.790-20.215, Take Profit 1–19.365, Take Profit 2–18.735.




• WTI


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 105.319-107.105. Currently, the WTI 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 104.303-104.953. 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 17.06.2021.


• Quotation of the lower boundary of the zone 1/4–105.078.


• Quotation of the lower boundary of the zone 1/2–107.168.


• Intraday objectives: update the highs from 17.06.2021–102.988.


• Medium-term objectives: test the higher bound of GWCZ-99.958.GOLD, SILVER, WTI


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



• Sell: 105.078–107.168, Take Profit 1–102.988, Take Profit 2–99.958.




• WCZ (weekly control zone)


• GWCZ (golden weekly control zone)


• SWCZ (silver weekly control zone)




 

James Hoggarth
Analyst of FreshForex
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