GOLD, SILVER, WTI | 17 April 2020

• GOLD


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1587.93-1600.75. At the moment, the GOLD 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 1634.21-1641.81. 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 09.04.2020.


• Quotation of the higher boundary of the zone 1/4–1684.99.


• Quotation of the higher boundary of the zone 1/2–1664.19.


• Intraday objectives: update the highs from 09.04.2020–1705.89.


• Medium-term objectives: test the lower bound of GWCZ–1747.39.GOLD, SILVER, WTI


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


• Buy: 1664.19-1684.99, Take Profit 1–1705.89, Take Profit 2–1747.39.




• SILVER


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 16.676-16.896. 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 15.122-15.236. 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 09.04.2020.


• Quotation of the higher boundary of the zone 1/4–15.282.


• Quotation of the higher boundary of the zone 1/2–14.832.


• Intraday objectives: update the highs from 09.04.2020–15.732.


• Medium-term objectives: test the lower bound of SWCZ–16.682.GOLD, SILVER, WTI


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


• Buy: 14.832-15.282, Take Profit 1–15.732, Take Profit 2–16.682




• WTI


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 27.758-28.777. At the moment, the WTI 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 30.748-31.459. 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 13.04.2020.


• Quotation of the lower boundary of the zone 1/4–28.520


• Quotation of the lower boundary of the zone 1/2–30.190.


• Intraday objectives: update the lows from 13.04.2020–26.840.


• Medium-term objectives: test the higher bound of GWCZ-23.890.GOLD, SILVER, WTI


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


• Sell: 28.520-30.190, Take Profit 1-26.840, Take Profit 2-23.890.


• WCZ (weekly control zone)


• GWCZ (golden weekly control zone)


• SWCZ (silver weekly control zone)

 

James Hoggarth
Analyst of FreshForex
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