GOLD, SILVER, WTI | 01 September 2023

• XAUUSD


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1910.00-1925.00. Currently, the GOLD is trading within the specified range, indicating a temporary uncertainty.GOLD, SILVER, WTI


• Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1941.00-1947.00 and 1903.00-1909.00. Currently, the GOLD is trading within the specified range, indicating a temporary uncertainty.GOLD, SILVER, WTI


• 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 21.08.2023.


• Quotation of the lower boundary of the zone 1/4–1906.60.


• Quotation of the lower boundary of the zone 1/2–1927.30.


• Intraday objectives: update the lows from 21.08.2023–1885.80.


• Medium-term objectives: test the lower bound of GWCZ–1876.30.


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


• Sell: 1906.60-1927.30, Take Profit 1–1885.80, Take Profit 2–1876.30.




• XAGUSD


• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 24.000-24.250. 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 24.100-24.200. Currently, the SILVER is trading within the specified range, indicating a temporary uncertainty.GOLD, SILVER, WTI


• 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 25.08.2023.


• Quotation of the higher boundary of the zone 1/4–23.938.


• Quotation of the higher boundary of the zone 1/2–23.513.


• Intraday objectives: update the highs from 25.08.2023–24.363.


• Medium-term objectives: test the lower bound of GWCZ–24.713.


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


• Buy: 23.513–23.938, Take Profit 1–24.363, Take Profit 2–24.713.




• WTI


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 79.400-80.000. Currently, the WTI is trading within the specified range, indicating a temporary uncertainty.GOLD, SILVER, WTI


• Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 79.700-80.150. Currently, the WTI is trading within the specified range, indicating a temporary uncertainty.GOLD, SILVER, WTI


• 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 24.08.2023.


• Quotation of the lower boundary of the zone 1/4–79.081.


• Quotation of the lower boundary of the zone 1/2–80.731.


• Intraday objectives: update the highs from 24.08.2023–77.431.


• Medium-term objectives: test the higher bound of GWCZ-74.101.


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



• Sell: 79.081–80.731, Take Profit 1–77.431, Take Profit 2–74.101.


• WCZ (weekly control zone)


• GWCZ (golden weekly control zone)


• SWCZ (silver weekly control zone)




 

James Hoggarth
Analyst of FreshForex
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