GOLD, SILVER, WTI | 09 June 2023

• XAUUSD


• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1957.00-1967.00. 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 1942.00-1950.00. Currently, the GOLD 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 30.05.2023.


• Quotation of the lower boundary of the zone 1/4–1954.39.


• Quotation of the lower boundary of the zone 1/2–1975.09.


• Intraday objectives: update the lows from 30.05.2023–1933.59.


• Medium-term objectives: test the lower bound of SWCZ–1920.19.GOLD, SILVER, WTI


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


• Sell: 1954.39-1975.09, Take Profit 1–1933.59, Take Profit 2–1920.19.




• XAGUSD


• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 23.200-23.400. 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 23.230-23.300. 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 02.06.2023.


• Quotation of the higher boundary of the zone 1/4–23.551.


• Quotation of the higher boundary of the zone 1/2–23.076.


• Intraday objectives: update the highs from 02.06.2023–24.026.


• Medium-term objectives: test the lower bound of WCZ–24.591.GOLD, SILVER, WTI


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


• Buy: 23.551–23.076, Take Profit 1–24.026, Take Profit 2–24.591.




• WTI


• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 71.400-72.200. 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 71.500-72.000. 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 05.06.2023.


• Quotation of the higher boundary of the zone 1/4–73.626.


• Quotation of the higher boundary of the zone 1/2–72.176.


• Intraday objectives: update the highs from 05.06.2023–75.076.


• Medium-term objectives: test the higher bound of GWCZ-75.746.GOLD, SILVER, WTI


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


• Buy: 72.176-73.626, Take Profit 1-75.076, Take Profit 2-75.746.




 

James Hoggarth
Analyst of FreshForex
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