GOLD, SILVER, WTI | 11 November 2022

• XAUUSD


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1655.45-1678.53. 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 1672.92-1675.85. At the moment, the GOLD 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 04.11.2022.


• Quotation of the higher boundary of the zone 1/4–1670.20.


• Quotation of the higher boundary of the zone 1/2–1655.90.


• Intraday objectives: update the highs from 04.11.2022–1684.40.


• Medium-term objectives: test the lower bound of GWCZ–1701.80.GOLD, SILVER, WTI


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



• Buy: 1655.90–1670.20, Take Profit 1–1684.40, Take Profit 2–1701.80.




• XAGUSD


• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 19.354-19.710. At the moment, the SILVER 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 19.151-19.259 and 19.462-19.584. At the moment, the SILVER 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 04.11.2022.


• Quotation of the higher boundary of the zone 1/4–20.575.


• Quotation of the higher boundary of the zone 1/2–20.150.


• Intraday objectives: update the highs from 04.11.2022–21.000.


• Medium-term objectives: test the lower bound of SWCZ–21.445.GOLD, SILVER, WTI


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



• Buy: 20.150–20.575, Take Profit 1–21.000, Take Profit 2–21.445.




• WTI


• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 87.060-88.633. 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 87.554-87.928 and 87.862-88.323. 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 04.11.2022.


• Quotation of the higher boundary of the zone 1/4–90.536.


• Quotation of the higher boundary of the zone 1/2–88.656.


• Intraday objectives: update the highs from 04.11.2022–92.406.


• Medium-term objectives: test the higher bound of SWCZ-95.836.GOLD, SILVER, WTI


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



• Buy: 88.656-90.536, Take Profit 1-92.406, Take Profit 2-95.836.




 

James Hoggarth
Analyst of FreshForex
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