GOLD, SILVER, WTI | 16 December 2022

• XAUUSD


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1793.03-1801.05. At the moment, the GOLD is trading lower, indicating the weakness of buyers.GOLD, SILVER, WTI


• Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1775.64-1779.94. At the moment, the GOLD 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 05.12.2022.


• Quotation of the lower boundary of the zone 1/4–1782.58.


• Quotation of the lower boundary of the zone 1/2–1798.28.


• Intraday objectives: update the lows from 05.12.2022–1766.78.


• Medium-term objectives: test the lower bound of WCZ–1748.58.GOLD, SILVER, WTI


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



• Sell: 1782.58-1798.28, Take Profit 1–1766.78, Take Profit 2–1748.58.




• XAGUSD


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 22.217-22.483. 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 23.052-23.151. 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 09.12.2022.


• Quotation of the higher boundary of the zone 1/4–23.253.


• Quotation of the higher boundary of the zone 1/2–22.828.


• Intraday objectives: update the highs from 09.12.2022–23.678.


• Medium-term objectives: test the lower bound of GWCZ–24.518.GOLD, SILVER, WTI


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



• Buy: 22.828–23.253, Take Profit 1–23.678, Take Profit 2–24.518.




• WTI


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 77.343-79.056. 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 71.909-72.383. 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 09.12.2021.


• Quotation of the lower boundary of the zone 1/4–71.952.


• Quotation of the lower boundary of the zone 1/2–73.702.


• Intraday objectives: update the highs from 09.12.2021–70.202.


• Medium-term objectives: test the higher bound of SWCZ-69.462.GOLD, SILVER, WTI


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



• Sell: 71.952–73.702, Take Profit 1–70.202, Take Profit 2–69.462.




• WCZ (weekly control zone)


• GWCZ (golden weekly control zone)


• SWCZ (silver weekly control zone)




 

James Hoggarth
Analyst of FreshForex
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