GOLD, SILVER, WTI | 20 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 1819.90-1824.90, 1877.00-1879.80 and 1894.80-1897.50. 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 16.01.2023.


• Quotation of the higher boundary of the zone 1/4–1908.10.


• Quotation of the higher boundary of the zone 1/2–1890.80.


• Intraday objectives: update the highs from 16.01.2023–1925.30.


• Medium-term objectives: test the lower bound of GWCZ–1951.50.GOLD, SILVER, WTI


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


• Buy: 1890.80–1908.10, Take Profit 1–1925.30, Take Profit 2–1951.50.




• XAGUSD


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 23.860-24.010. 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 23.960-23.750. 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 16.01.2023.


• Quotation of the higher boundary of the zone 1/4–24.090.


• Quotation of the higher boundary of the zone 1/2–23.665.


• Intraday objectives: update the highs from 16.01.2023–24.515.


• Medium-term objectives: test the lower bound of WCZ–24.805.GOLD, SILVER, WTI


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


• Buy: 23.665–24.090, Take Profit 1–24.515, Take Profit 2–24.805.




 


• WTI


• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 78.500-80.100. Currently, the WTI 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 78.390-78.780. 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 16.01.2023.


• Quotation of the higher boundary of the zone 1/4–78.711.


• Quotation of the higher boundary of the zone 1/2–76.961.


• Intraday objectives: update the highs from 16.01.2023–80.461.


• Medium-term objectives: test the higher bound of SWCZ-83.201.GOLD, SILVER, WTI


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


• Buy: 76.961-78.711, Take Profit 1-80.461, Take Profit 2-83.201.




 

James Hoggarth
Analyst of FreshForex
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