GOLD, SILVER, WTI | 10 April 2020

• GOLD


• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1607.38-1619.49. 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 1571.46-1577.58. 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 03.04.2020.


• Quotation of the higher boundary of the zone 1/4–1604.31.


• Quotation of the higher boundary of the zone 1/2–1583.51.


• Intraday objectives: update the highs from 03.04.2020–1625.21.


• Medium-term objectives: test the lower bound of WCZ–1630.61.GOLD, SILVER, WTI


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


• Buy: 1583.51-1604.31, Take Profit 1–1625.21, Take Profit 2–1630.61.




• SILVER


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 16.672-17.083. 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 12.303-12.609. At the moment, the SILVER 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 26.03.2020.


• Quotation of the higher boundary of the zone 1/4–14.392.


• Quotation of the higher boundary of the zone 1/2–13.942.


• Intraday objectives: update the highs from 26.03.2020–14.842.


• Medium-term objectives: test the lower bound of SWCZ–15.102.GOLD, SILVER, WTI


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


• Buy: 13.942-14.392, Take Profit 1–14.842, Take Profit 2–15.102




• WTI


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 24.877-25.825. At the moment, the WTI 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 22.019-22.450. At the moment, the WTI 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 03.04.2020.


• Quotation of the higher boundary of the zone 1/4–29.452


• Quotation of the higher boundary of the zone 1/2–27.872.


• Intraday objectives: update the highs from 03.04.2020–31.042.


• Medium-term objectives: test the lower bound of SWCZ-33.882.GOLD, SILVER, WTI


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


• Buy: 27.872-29.452, Take Profit 1-31.042, Take Profit 2-33.882.


• WCZ (weekly control zone)


• GWCZ (golden weekly control zone)


• SWCZ (silver weekly control zone)

 

James Hoggarth
Analyst of FreshForex
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