GOLD, SILVER, WTI | 04 August 2023

• XAUUSD

• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1975.00-1985.00. At the moment, the GOLD is trading lower, indicating the strength of sellers.

• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1926.00-1930.00. At the moment, the GOLD 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 20.07.2023.

• Quotation of the higher boundary of the zone 1/4–1969.49.

• Quotation of the higher boundary of the zone 1/2–1948.69.

• Intraday objectives: update the highs from 20.07.2023–1990.19.

• Medium-term objectives: test the lower bound of GWCZ–2025.79.

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

• Buy: 1948.69–1969.49, Take Profit 1–1990.19, Take Profit 2–2025.79.

• XAGUSD

• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 24.950-25.120. At the moment, the pair is trading lower, indicating the strength of sellers.

• Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 24.630-24.730. At the moment, the pair 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 27.07.2023.

• Quotation of the lower boundary of the zone 1/4–24.465.

• Quotation of the lower boundary of the zone 1/2–24.890.

• Intraday objectives: update the lows from 27.07.2023–24.040.

• Medium-term objectives: test the higher bound of WCZ–23.635.

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

• Sell: 24.465-24.890, Take Profit 1–24.040, Take Profit 2–23.635.

• WTI

• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 75.200-76.100. At the moment, the WTI is trading higher, indicating the strength of buyers.

• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 75.300-75.700. 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 31.07.2023.

• Quotation of the higher boundary of the zone 1/4–79.062.

• Quotation of the higher boundary of the zone 1/2–77.612.

• Intraday objectives: update the highs from 31.07.2023–80.512.

• Medium-term objectives: test the higher bound of GWCZ-81.572.

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

• Buy: 77.612-79.062, Take Profit 1-80.512, Take Profit 2-81.572.