GOLD, SILVER, WTI | 11 October 2019

• GOLD


Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1502.71-1509.45. Currently, the GOLD 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 1498.81-1501.72. 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 03.10.2019.


• Quotation of the higher boundary of the zone 1/4–1508.89.


• Quotation of the higher boundary of the zone 1/2–1497.59.


• Intraday objectives: update the highs from 03.10.2019–1520.09.


• Medium-term objectives: test the lower bound of GWCZ–1526.79.GOLD, SILVER, WTI


• Trading recommendations: long-term and medium-term trends in different directions, I recommend staying out of the market or very careful buys from the range of favorable prices 1497.59-1508.89 in the formation of a reversal pattern.


• Buy: 1497.59-1508.89, Take Profit 1–1520.09, Take Profit 2–1526.79.




• SILVER




Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 17.837-18.136. At the moment, the SILVER is trading lower, indicating the strength of sellers.GOLD, SILVER, WTI


• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 17.524-17.618. 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 03.10.2019.


• Quotation of the higher boundary of the zone 1/4–17.525.


• Quotation of the higher boundary of the zone 1/2–17.265.


• Intraday objectives: update the lows from 03.10.2019–17.785.


• Medium-term objectives: test the highs bound of WCZ–17.920.GOLD, SILVER, WTI


• Trading recommendations: the volume of the medium-term trend prevents the entry into the deal to buy, I recommend staying out of the market or very careful buys from the range of favorable prices 17.265-17.525 in the formation of a reversal pattern.


• Buy: 17.265-17.525, Take Profit 1–17.785, Take Profit 2–17.920.




• WTI


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 58.034-58.561. 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 58.044-58.591. 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 03.10.2019.


• Quotation of the lower boundary of the zone 1/4–52.031.


• Quotation of the lower boundary of the zone 1/2–53.151.


• Intraday objectives: update the lows from 03.10.2019–50.901.


• Medium-term objectives: test the higher bound of SWCZ-49.531.GOLD, SILVER, WTI


• Trading recommendations: sells from the range of favorable 52.031-53.151 in the formation of a reversal pattern.


• Sell: 52.031-53.151, Take Profit 1-50.901, Take Profit 2-49.531.


• WCZ (weekly control zone)


• GWCZ (golden weekly control zone)


• SWCZ (silver weekly control zone)


• TRADE METALS WITHOUT SWAPS!

 

James Hoggarth
Analyst of FreshForex
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