GOLD, SILVER, WTI | 06 October 2023

XAUUSD


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1928.00-1933.00. 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 1928.00-1933.00. 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 02.10.2023.


• Quotation of the lower boundary of the zone 1/4–1862.33.


• Quotation of the lower boundary of the zone 1/2–1881.83.


• Intraday objectives: update the lows from 02.10.2023–1842.83.


• Medium-term objectives: test the lower bound of SWCZ–1798.43.GOLD, SILVER, WTI


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


• Sell: 1862.33-1881.83, Take Profit 1–1842.83, Take Profit 2–1798.43.




• XAGUSD


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 22.950-23.200. 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 and 22.470-22.570. 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 02.10.2023.


• Quotation of the lower boundary of the zone 1/4–22.206.


• Quotation of the lower boundary of the zone 1/2–22.606.


• Intraday objectives: update the lows from 02.10.2023–21.806.


• Medium-term objectives: test the higher bound of GWCZ–21.431.GOLD, SILVER, WTI


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


• Sell: 22.206-22.606, Take Profit 1–21.806, Take Profit 2–21.431.




• WTI


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 89.300-90.100. 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 90.500-90.850. At the moment, the WTI 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 29.09.2023.


• Quotation of the lower boundary of the zone 1/4–90.994.


• Quotation of the lower boundary of the zone 1/2–92.644.


• Intraday objectives: update the highs from 29.09.2023–89.344.


• Medium-term objectives: test the higher bound of WCZ-87.424.GOLD, SILVER, WTI


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



• Sell: 90.994–92.644, Take Profit 1–89.344, Take Profit 2–87.424.


• WCZ (weekly control zone)


• GWCZ (golden weekly control zone)


• SWCZ (silver weekly control zone)




 

James Hoggarth
Analyst of FreshForex
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