GOLD, SILVER, WTI | 03 February 2023

• XAUUSD


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1924.00-1932.00. 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 1930.80-1935.20. Currently, the GOLD is trading within the specified range, indicating a temporary uncertainty.


• 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 26.01.2023.


• Quotation of the higher boundary of the zone 1/4–1931.49.


• Quotation of the higher boundary of the zone 1/2–1914.19.


• Intraday objectives: update the highs from 26.01.2023–1948.69.


• Medium-term objectives: test the lower bound of GWCZ–1952.29.GOLD, SILVER, WTI


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


• Buy: 1914.19–1931.49, Take Profit 1–1948.69, Take Profit 2–1952.29.




• XAGUSD


• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 24.000-24.150. 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 23.600-23.680. 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 26.01.2023.


• Quotation of the higher boundary of the zone 1/4–23.865.


• Quotation of the higher boundary of the zone 1/2–23.440.


• Intraday objectives: update the highs from 26.01.2023–24.290.


• Medium-term objectives: test the lower bound of WCZ–24.420.GOLD, SILVER, WTI


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


• Buy: 23.440–23.865, Take Profit 1–24.290, Take Profit 2–24.420.




• WTI


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 80.800-81.800. 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 82.170-82.420. At the moment, the WTI 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 18.01.2023.


• Quotation of the higher boundary of the zone 1/4–80.971.


• Quotation of the higher boundary of the zone 1/2–79.221.


• Intraday objectives: update the highs from 18.01.2023–82.721.


• Medium-term objectives: test the higher bound of SWCZ-86.801.GOLD, SILVER, WTI


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


• Buy: 79.221-80.971, Take Profit 1-82.721, Take Profit 2-86.801.




• WCZ (weekly control zone)


• GWCZ (golden weekly control zone)


• SWCZ (silver weekly control zone)


 


 

James Hoggarth
Analyst of FreshForex
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