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 1940.00-1950.00. 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 1986.00-1991.00 and 1944.00-1949.00. 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 10.11.2023.


• Quotation of the lower boundary of the zone 1/4–1951.54.


• Quotation of the lower boundary of the zone 1/2–1971.04.


• Intraday objectives: update the lows from 10.11.2023–1932.04.


• Medium-term objectives: test the lower bound of GWCZ–1897.84.GOLD, SILVER, WTI


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


• Sell: 1951.54-1971.04, Take Profit 1–1932.04, Take Profit 2–1897.84.




• XAGUSD


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 23.200-23.500. 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 22.450-22.600 and 22.270-22.390. 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 13.11.2023.


• Quotation of the lower boundary of the zone 1/4–22.348.


• Quotation of the lower boundary of the zone 1/2–22.748.


• Intraday objectives: update the lows from 13.11.2023–21.948.


• Medium-term objectives: test the higher bound of GWCZ–21.198.GOLD, SILVER, WTI


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


• Sell: 22.348-22.748, Take Profit 1–21.948, Take Profit 2–21.198.




• WTI


• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 83.000-84.000. At the moment, the WTI 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 83.600-84.000, 82.200-82.600 and 77.200-77.600. 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 03.11.2023.


• Quotation of the lower boundary of the zone 1/4–76.301.


• Quotation of the lower boundary of the zone 1/2–77.951.


• Intraday objectives: update the highs from 03.11.2023–74.651.


• Medium-term objectives: test the higher bound of GWCZ-73.091.GOLD, SILVER, WTI


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



• Sell: 76.301–77.951, Take Profit 1–74.651, Take Profit 2–73.091.


 


• WCZ (weekly control zone)


• GWCZ (golden weekly control zone)


• SWCZ (silver weekly control zone)




 

James Hoggarth
Analyst of FreshForex
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