GOLD, SILVER, WTI | 05 May 2023

• XAUUSD

• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1985.00-1995.00. Currently, the GOLD is trading within the specified range, indicating a temporary uncertainty.

• Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 2005.00-2010.00. 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 19.04.2023.

• Quotation of the lower boundary of the zone 1/4–1995.41.

• Quotation of the lower boundary of the zone 1/2–2016.11.

• Intraday objectives: update the lows from 19.04.2023–1974.61.

• Medium-term objectives: test the lower bound of GWCZ–1932.61.

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

• Sell: 1995.41-2016.11, Take Profit 1–1974.61, Take Profit 2–1932.61.

• XAGUSD

• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 24.900-25.100. Currently, the SILVER is trading within the specified range, indicating a temporary uncertainty.

• Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 25.150-25.250. 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 25.04.2023.

• Quotation of the lower boundary of the zone 1/4–24.951.

• Quotation of the lower boundary of the zone 1/2–25.426.

• Intraday objectives: update the lows from 25.04.2023–24.476.

• Medium-term objectives: test the higher bound of WCZ–24.276.

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

• Sell: 24.951-25.426, Take Profit 1–24.476, Take Profit 2–24.276.

• WTI

• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 77.150-78.150. At the moment, the WTI is trading lower, indicating the weakness of buyers.

• Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 77.500-77.800 and 74.300-74.600. Currently, the WTI is trading within the specified range, indicating a temporary uncertainty.

• 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 28.03.2023.

• Quotation of the lower boundary of the zone 1/4–75.293.

• Quotation of the lower boundary of the zone 1/2–76.743.

• Intraday objectives: update the highs from 28.03.2023–73.843.

• Medium-term objectives: test the higher bound of SWCZ-71.693.

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

• Sell: 75.293–76.743, Take Profit 1–73.843, Take Profit 2–71.693.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)