GOLD, SILVER, WTI | 23 June 2023

• XAUUSD


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1960.00-1975.00. 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 1965.00-1970.00. 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 15.06.2023.


• Quotation of the lower boundary of the zone 1/4–1944.76.


• Quotation of the lower boundary of the zone 1/2–1965.46.


• Intraday objectives: update the lows from 15.06.2023–1923.96.


• Medium-term objectives: test the lower bound of GWCZ–1882.56.GOLD, SILVER, WTI


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


• Sell: 1944.76-1965.46, Take Profit 1–1923.96, Take Profit 2–1882.56.




• XAGUSD


• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 23.900-24.150. Currently, the SILVER 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 23.500-23.580 and 24.260-24.330. 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 09.06.2023.


• Quotation of the higher boundary of the zone 1/4–24.053.


• Quotation of the higher boundary of the zone 1/2–23.578.


• Intraday objectives: update the highs from 09.06.2023–24.528.


• Medium-term objectives: test the lower bound of WCZ–24.618.GOLD, SILVER, WTI


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


• Buy: 23.578–24.053, Take Profit 1–24.528, Take Profit 2–24.618.




• WTI


• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 70.400-71.000. 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 70.700-70.900. Currently, the WTI 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 16.06.2023.


• Quotation of the higher boundary of the zone 1/4–70.557.


• Quotation of the higher boundary of the zone 1/2–69.107.


• Intraday objectives: update the highs from 16.06.2023–72.007.


• Medium-term objectives: test the higher bound of WCZ-72.737.GOLD, SILVER, WTI


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


• Buy: 69.107-70.557, Take Profit 1-72.007, Take Profit 2-72.737.




 

James Hoggarth
Analyst of FreshForex
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