AUDUSD, GOLD, WTI | 31 May 2019

AUDUSD

Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 0.70983-0.71079. At the moment, the pair is trading lower, indicating the strength of sellers.AUDUSD, GOLD, WTI

Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 0.68746-0.68868. At the moment, the pair is trading higher, indicating the weakness 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 17.05.2019.

Quotation of the lower boundary of the zone 1/4-0.68978.

Quotation of the lower boundary of the zone 1/2-0.69313.

Intraday objectives: update the lows from 17.05.2019–0.68644.

Medium-term objectives: test the higher bound of SWCZ -0.68011.AUDUSD, GOLD, WTI

Trading recommendations: the volume of the medium-term trend prevents the entry into the deal to sell, I recommend staying out of the market or very careful sells from the range of favorable prices 0.68978-0.69313 in the formation of a reversal pattern.


Sell: 0.68978-0.69313, Take Profit 1 - 0.68644, Take Profit 2 - 0.68011.


GOLD

Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1282.16-1284.66. At the moment, the GOLD is trading higher, indicating the strength of buyers.AUDUSD, GOLD, WTI

Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1274.05-1276.79. 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 21.05.2019.

Quotation of the higher boundary of the zone 1/4–1278.12.

Quotation of the higher boundary of the zone 1/2–1286.67.

Intraday objectives: update the highs from 21.05.2019–1269.29.

Medium-term objectives: test the higher bound of GWCZ–1252.46.AUDUSD, GOLD, WTI

Trading recommendations: the volume of the medium-term trend prevents the entry into the deal to sell, I recommend staying out of the market or very careful sells from a range of favorable prices 1278.12-1286.67 in the formation of a reversal pattern.


Sell: 1278.12-1286.67, Take Profit 1–1269.29, Take Profit 2–1252.46.




WTI


Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 62.914-63.239. At the moment, the WTI is trading lower, indicating the strength of sellers.AUDUSD, GOLD, WTI

Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 62.855- 63.106. 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 23.05.2019.

Quotation of the lower boundary of the zone 1/4–58.122.

Quotation of the lower boundary of the zone 1/2–58.894.

Intraday objectives: update the lows from 23.05.2019–57.299.

Medium-term objectives: test the higher bound of GWCZ-56.074.AUDUSD, GOLD, WTI

Trading recommendations: sells from a range of favorable prices 58.122-58.894 in the formation of a reversal pattern.


Sell: 58.122-58.894, Take Profit 1-57.299, Take Profit 2-56.074.




WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)


 

James Hoggarth
Analyst of FreshForex
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