GOLD, SILVER, WTI | 29 July 2022

• XAUUSD


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1845.96-1856.84. 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 1716.83-1719.92. 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 22.07.2022.


• Quotation of the higher boundary of the zone 1/4–1723.94.


• Quotation of the higher boundary of the zone 1/2–1707.64.


• Intraday objectives: update the highs from 22.07.2022–1740.14.


• Medium-term objectives: test the lower bound of WCZ–1745.24.GOLD, SILVER, WTI


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



• Buy: 1707.64–1723.94, Take Profit 1–1740.14, Take Profit 2–1745.24.




• XAGUSD


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 19.133-19.344. 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 19.159-19.258. 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 14.07.2022.


• Quotation of the lower boundary of the zone 1/4–18.472.


• Quotation of the lower boundary of the zone 1/2–18.847.


• Intraday objectives: update the lows from 14.07.2022–18.097.


• Medium-term objectives: test the higher bound of SWCZ–17.652.GOLD, SILVER, WTI


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



• Sell: 18.472-18.847, Take Profit 1–18.097, Take Profit 2–17.652.




• WTI


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 97.557-99.242. At the moment, the WTI 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 104.303-104.953. 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 25.07.2021.


• Quotation of the lower boundary of the zone 1/4–95.186.


• Quotation of the lower boundary of the zone 1/2–97.336.


• Intraday objectives: update the highs from 25.07.2021–93.036.


• Medium-term objectives: test the higher bound of WCZ-91.776.GOLD, SILVER, WTI


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



• Sell: 95.186–97.336, Take Profit 1–93.036, Take Profit 2–91.776.




• WCZ (weekly control zone)


• GWCZ (golden weekly control zone)


• SWCZ (silver weekly control zone)




 

James Hoggarth
Analyst of FreshForex
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