GOLD, SILVER, WTI | 02 December 2022

• XAUUSD


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1753.60-1769.84. At the moment, the GOLD is trading lower, indicating the weakness 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 1743.94-1745.45. 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 25.11.2022.


• Quotation of the higher boundary of the zone 1/4–1747.11.


• Quotation of the higher boundary of the zone 1/2–1732.81.


• Intraday objectives: update the highs from 25.11.2022–1761.31.


• Medium-term objectives: test the lower bound of WCZ–1775.81.GOLD, SILVER, WTI


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



• Buy: 1732.81–1747.11, Take Profit 1–1761.31, Take Profit 2–1775.81.




• XAGUSD


• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 21.076-21.370. At the moment, the SILVER 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 21.229-21.294. 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 24.11.2022.


• Quotation of the higher boundary of the zone 1/4–21.248.


• Quotation of the higher boundary of the zone 1/2–20.823.


• Intraday objectives: update the highs from 24.11.2022–21.673.


• Medium-term objectives: test the lower bound of WCZ–22.283.GOLD, SILVER, WTI


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



• Buy: 20.823–21.248, Take Profit 1–21.673, Take Profit 2–22.283.




• WTI


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 79.118-80.870. 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 77.479-78.011. 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 28.11.2021.


• Quotation of the lower boundary of the zone 1/4–75.716.


• Quotation of the lower boundary of the zone 1/2–77.586.


• Intraday objectives: update the highs from 28.11.2021–73.836.


• Medium-term objectives: test the higher bound of GWCZ-71.126.GOLD, SILVER, WTI


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



• Sell: 75.716–77.586, Take Profit 1–73.836, Take Profit 2–71.126.




• WCZ (weekly control zone)


• GWCZ (golden weekly control zone)


• SWCZ (silver weekly control zone)




 

James Hoggarth
Analyst of FreshForex
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