GOLD, SILVER, WTI | 06 January 2023

• XAUUSD


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1792.90-1803.20. At the moment, the GOLD 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 1819.90-1823.20. 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 03.01.2023.


• Quotation of the higher boundary of the zone 1/4–1827.18.


• Quotation of the higher boundary of the zone 1/2–1811.38.


• Intraday objectives: update the highs from 03.01.2023–1842.88.


• Medium-term objectives: test the lower bound of GWCZ–1869.98.GOLD, SILVER, WTI


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



• Buy: 1811.38–1827.18, Take Profit 1–1842.88, Take Profit 2–1869.98.




• XAGUSD


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 23.700-23.900. 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 23.900-24.000. 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 03.01.2023.


• Quotation of the higher boundary of the zone 1/4–24.041.


• Quotation of the higher boundary of the zone 1/2–23.616.


• Intraday objectives: update the highs from 03.01.2023–24.466.


• Medium-term objectives: test the lower bound of GWCZ–25.056.GOLD, SILVER, WTI


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



• Buy: 23.616–24.041, Take Profit 1–24.466, Take Profit 2–25.056.




• WTI


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 77.900-79.170. At the moment, the WTI 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 75.800-76.060. 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 27.12.2022.


• Quotation of the higher boundary of the zone 1/4–79.481.


• Quotation of the higher boundary of the zone 1/2–77.731.


• Intraday objectives: update the highs from 27.12.2022–81.231.


• Medium-term objectives: test the higher bound of SWCZ-84.361.GOLD, SILVER, WTI


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



• Buy: 77.731-79.481, Take Profit 1-81.231, Take Profit 2-84.361.




 

James Hoggarth
Analyst of FreshForex
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