GOLD, SILVER, WTI | 21 April 2023

• XAUUSD


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 2018.00-2030.00. At the moment, the GOLD is trading lower, indicating the weakness 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 2022.00-2028.00 and 1999.00-2005.00. 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 13.04.2023.


• Quotation of the higher boundary of the zone 1/4–2030.31.


• Quotation of the higher boundary of the zone 1/2–2009.51.


• Intraday objectives: update the highs from 13.04.2023–2051.01.


• Medium-term objectives: test the lower bound of GWCZ–2070.31.GOLD, SILVER, WTI


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


• Buy: 2009.51–2030.31, Take Profit 1–2051.01, Take Profit 2–2070.31.




• XAGUSD


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 21.700-21.900. 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 21.700-21.900, 24.850-25.050 and 25.750-25.900. Currently, the SILVER 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 14.04.2023.


• Quotation of the higher boundary of the zone 1/4–25.664.


• Quotation of the higher boundary of the zone 1/2–25.189.


• Intraday objectives: update the highs from 14.04.2023–26.139.


• Medium-term objectives: test the lower bound of GWCZ–26.499.GOLD, SILVER, WTI


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


• Buy: 25.189–25.664, Take Profit 1–26.139, Take Profit 2–26.499.




• WTI


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 80.000-81.000. 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 80.350-80.650 and 81.250-81.550. 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 12.04.2023.


• Quotation of the higher boundary of the zone 1/4–81.978.


• Quotation of the higher boundary of the zone 1/2–80.528.


• Intraday objectives: update the highs from 12.04.2023–83.428.


• Medium-term objectives: test the higher bound of GWCZ-84.558.GOLD, SILVER, WTI


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


• Buy: 80.528-81.978, Take Profit 1-83.428, Take Profit 2-84.558.




 

James Hoggarth
Analyst of FreshForex
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