GOLD, SILVER, WTI | 07 April 2023


·        XAUUSD


 


·        Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1960.00-1972.00. Currently, the GOLD is trading within the specified range, indicating a temporary uncertainty.GOLD, SILVER, WTI


 


·        Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1996.00-2000.00. At the moment, the pair 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 27.03.2023.


 


·        Quotation of the lower boundary of the zone 1/4–1965.49.


 


·        Quotation of the lower boundary of the zone 1/2–1985.49.


 


·        Intraday objectives: update the lows from 27.03.20231945.49.


 


·        Medium-term objectives: test the lower bound of WCZ–1926.69.GOLD, SILVER, WTI


 


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


 


 


·        Sell: 1965.49-1985.49, Take Profit 1–1945.49, Take Profit 2–1926.69.


 


 


 



·        XAGUSD


 


·        Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 21.550-21.750. 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 21.600-21.800, 23.000-23.200 and 23.750-23.900. 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 31.03.2023.


 


·        Quotation of the higher boundary of the zone 1/4–23.669.


 


·        Quotation of the higher boundary of the zone 1/2–23.194.


 


·        Intraday objectives: update the highs from 31.03.202324.144.


 


·        Medium-term objectives: test the lower bound of GWCZ–24.529.GOLD, SILVER, WTI


 


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


 


 


Buy: 23.19423.669, Take Profit 1–24.144, Take Profit 2–24.529.


 


 


 



·        WTI


 


·        Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 72.300-73.400. At the moment, the WTI 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 72.700-73.100 and 74.400-74.800. 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 03.04.2023.


 


·        Quotation of the higher boundary of the zone 1/4–80.216.


 


·        Quotation of the higher boundary of the zone 1/2–78.766.


 


·        Intraday objectives: update the highs from 03.04.2023–81.666.


 


·        Medium-term objectives: test the higher bound of GWCZ-84.636.GOLD, SILVER, WTI


 


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


 


 


·        Buy: 78.766-80.216, Take Profit 1-81.666, Take Profit 2-84.636.


 


 

James Hoggarth
Analyst of FreshForex
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