GOLD, SILVER, WTI | 27 October 2023

• XAUUSD


• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1930.00-1940.00. At the moment, the GOLD 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 1870.00-1876.00 and 1947.00-1953.00. 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 20.10.2023.


• Quotation of the higher boundary of the zone 1/4–1978.30.


• Quotation of the higher boundary of the zone 1/2–1958.80.


• Intraday objectives: update the highs from 20.10.2023–1997.80.


• Medium-term objectives: test the lower bound of GWCZ–2007.10.GOLD, SILVER, WTI


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


• Buy: 1958.80–1978.30, Take Profit 1–1997.80, Take Profit 2–2007.10.




• XAGUSD


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 23.100-23.300. 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 21.750-21.850, 22.800-22.900 and 23.500-23.600. 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 20.10.2023.


• Quotation of the higher boundary of the zone 1/4–23.305.


• Quotation of the higher boundary of the zone 1/2–22.905.


• Intraday objectives: update the highs from 20.10.2023–23.705.


• Medium-term objectives: test the lower bound of GWCZ–24.675.GOLD, SILVER, WTI


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


• Buy: 22.905–23.305, Take Profit 1–23.705, Take Profit 2–24.675.




• WTI


• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 86.350-87.250. 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 86.600-87.000 and 88.800-89.200. 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 20.10.2023.


• Quotation of the higher boundary of the zone 1/4–87.952.


• Quotation of the higher boundary of the zone 1/2–86.302.


• Intraday objectives: update the highs from 20.10.2023–89.602.


• Medium-term objectives: test the higher bound of GWCZ-90.962.GOLD, SILVER, WTI


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


• Buy: 86.302-87.952, Take Profit 1-89.602, Take Profit 2-90.962.




• WCZ (weekly control zone)


• GWCZ (golden weekly control zone)


• SWCZ (silver weekly control zone)


 


 

James Hoggarth
Analyst of FreshForex
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