GOLD, SILVER, WTI | 12 August 2022

• XAUUSD


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1765.34-1778.73. Currently, the GOLD is trading within the specified range, indicating a temporary uncertainty.GOLD, SILVER, WTI


• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1767.91-1770.30. 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 04.08.2022.


• Quotation of the higher boundary of the zone 1/4–1779.87.


• Quotation of the higher boundary of the zone 1/2–1763.57.


• Intraday objectives: update the highs from 04.08.2022–1796.07.


• Medium-term objectives: test the lower bound of SWCZ–1810.17.GOLD, SILVER, WTI


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



• Buy: 1763.57–1779.87, Take Profit 1–1796.07, Take Profit 2–1810.17.




• 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 higher, indicating the weakness 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 and 20.175-20.236. At the moment, the SILVER is trading lower, indicating the weakness 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 01.08.2022.


• Quotation of the higher boundary of the zone 1/4–20.183.


• Quotation of the higher boundary of the zone 1/2–19.808.


• Intraday objectives: update the highs from 01.08.2022–20.558.


• Medium-term objectives: test the lower bound of WCZ–21.058.GOLD, SILVER, WTI


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



• Buy: 19.808–20.183, Take Profit 1–20.558, Take Profit 2–21.058.




• WTI


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 94.571-96.102. 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 92.825-93.317. 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 05.08.2021.


• Quotation of the lower boundary of the zone 1/4–88.495.


• Quotation of the lower boundary of the zone 1/2–90.645.


• Intraday objectives: update the highs from 05.08.2021–86.345.


• Medium-term objectives: test the higher bound of SWCZ-84.015.GOLD, SILVER, WTI


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



• Sell: 88.495–90.645, Take Profit 1–86.345, Take Profit 2–84.015.




• WCZ (weekly control zone)


• GWCZ (golden weekly control zone)


• SWCZ (silver weekly control zone)




 

James Hoggarth
Analyst of FreshForex
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