GOLD, SILVER, WTI | 06 March 2020

• GOLD


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1574.50-1583.33. At the moment, the GOLD is trading higher, indicating the strength of buyers.GOLD, SILVER, WTI


• Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1643.62-1648.06. 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 28.02.2020.


• Quotation of the lower boundary of the zone 1/4–1576.17.


• Quotation of the lower boundary of the zone 1/2–1589.87.


• Intraday objectives: update the lows from 28.02.2020–1562.37.


• Medium-term objectives: test the higher bound of GWCZ–1552.57.GOLD, SILVER, WTI


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


• Sell: 1576.17-1589.87, Take Profit 1–1562.37, Take Profit 2–1552.57.




• SILVER


• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 18.068-18.158. 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 18.047-18.137. 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 28.02.2020.


• Quotation of the lower boundary of the zone 1/4–16.669.


• Quotation of the lower boundary of the zone 1/2–16.944.


• Intraday objectives: update the lows from 28.02.2020–16.394.


• Medium-term objectives: test the higher bound of GWCZ–16.224.GOLD, SILVER, WTI


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


• Sell: 16.669-16.944, Take Profit 1–16.394, Take Profit 2–16.224




• WTI


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 51.358-53.090. 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 50.740-51.486. At the moment, the pair 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 02.03.2020.


• Quotation of the lower boundary of the zone 1/4–44.326.


• Quotation of the lower boundary of the zone 1/2–45.196.


• Intraday objectives: update the lows from 02.03.2020–43.446.


• Medium-term objectives: test the higher bound of GWCZ-42.486.GOLD, SILVER, WTI


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


• Sell: 44.326-45.196, Take Profit 1-43.446, Take Profit 2-42.486.


• WCZ (weekly control zone)


• GWCZ (golden weekly control zone)


• SWCZ (silver weekly control zone)

 

James Hoggarth
Analyst of FreshForex
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