GOLD, SILVER, WTI | 10 February 2023

• XAUUSD


• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1924.00-1932.00. At the moment, the GOLD 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 1915.40-1918.40. At the moment, the GOLD 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 06.02.2023.


• Quotation of the lower boundary of the zone 1/4–1877.95.


• Quotation of the lower boundary of the zone 1/2–1895.15.


• Intraday objectives: update the lows from 06.02.2023–1866.55.


• Medium-term objectives: test the lower bound of SWCZ–1824.55.GOLD, SILVER, WTI


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


• Sell: 1877.95-1895.15, Take Profit 1–1866.55, Take Profit 2–1824.55.




• XAGUSD


• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 23.600-23.800. At the moment, the SILVER 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 23.450-23.550. At the moment, the SILVER 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 06.02.2023.


• Quotation of the lower boundary of the zone 1/4–22.608.


• Quotation of the lower boundary of the zone 1/2–23.033.


• Intraday objectives: update the lows from 06.02.2023–22.173.


• Medium-term objectives: test the higher bound of SWCZ–21.303.GOLD, SILVER, WTI


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


• Sell: 22.608-23.033, Take Profit 1–22.173, Take Profit 2–21.303.




• 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. At the moment, the WTI 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 81.200-81.500 and 76.450-76.700. 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 03.02.2023.


• Quotation of the lower boundary of the zone 1/4–75.061.


• Quotation of the lower boundary of the zone 1/2–76.811.


• Intraday objectives: update the highs from 03.02.2023–73.311.


• Medium-term objectives: test the higher bound of GWCZ-72.371.GOLD, SILVER, WTI


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




• Sell: 75.061–76.811, Take Profit 1–73.311, Take Profit 2–72.371.


• WCZ (weekly control zone)


• GWCZ (golden weekly control zone)


• SWCZ (silver weekly control zone)




 

James Hoggarth
Analyst of FreshForex
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