GOLD, SILVER, WTI | 26 May 2023

• XAUUSD


• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 2010.00-2025.00. 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 2016.00-2021.00 and 1988.00-1993.00. 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 18.05.2023.


• Quotation of the lower boundary of the zone 1/4–1972.96.


• Quotation of the lower boundary of the zone 1/2–1993.66.


• Intraday objectives: update the lows from 18.05.2023–1952.16.


• Medium-term objectives: test the lower bound of SWCZ–1915.36.GOLD, SILVER, WTI


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


• Sell: 1972.96-1993.66, Take Profit 1–1952.16, Take Profit 2–1915.36.




• XAGUSD


• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 25.500-25.700. 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 25.620-25.720 and 23.900-24.030. 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 18.05.2023.


• Quotation of the lower boundary of the zone 1/4–23.797.


• Quotation of the lower boundary of the zone 1/2–24.272.


• Intraday objectives: update the lows from 18.05.2023–23.322.


• Medium-term objectives: test the higher bound of SWCZ–23.472.GOLD, SILVER, WTI


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


• Sell: 23.797-24.272, Take Profit 1–23.322, Take Profit 2–23.472.




• WTI


• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 70.800-71.600. 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 72.650-72.950. 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 19.05.2023.


• Quotation of the higher boundary of the zone 1/4–72.216.


• Quotation of the higher boundary of the zone 1/2–70.766.


• Intraday objectives: update the highs from 19.05.2023–73.666.


• Medium-term objectives: test the higher bound of WCZ-75.276.GOLD, SILVER, WTI


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


• Buy: 70.766-72.216, Take Profit 1-73.666, Take Profit 2-75.276.


 


• WCZ (weekly control zone)


• GWCZ (golden weekly control zone)


• SWCZ (silver weekly control zone)

 




 

James Hoggarth
Analyst of FreshForex
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