GOLD, SILVER, WTI | 24 April 2020

• GOLD


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1621.24-1633.89. 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 1731.53-1739.29. 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 20.04.2020.


• Quotation of the lower boundary of the zone 1/4–1692.90.


• Quotation of the lower boundary of the zone 1/2–1715.80.


• Intraday objectives: update the lows from 20.04.2020–1670.00.


• Medium-term objectives: test the higher bound of GWCZ–1636.60.GOLD, SILVER, WTI


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


• Sell: 1692.90-1715.80, Take Profit 1–1670.00, Take Profit 2–1636.60.




• SILVER


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 15.316-15.524. 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 14.889-15.182. 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 14.04.2020.


• Quotation of the higher boundary of the zone 1/4–15.640.


• Quotation of the higher boundary of the zone 1/2–15.190.


• Intraday objectives: update the highs from 14.04.2020–16.090.


• Medium-term objectives: test the lower bound of SWCZ–16.830.GOLD, SILVER, WTI


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


• Buy: 15.190-15.640, Take Profit 1–16.090, Take Profit 2–16.830




• WTI


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 25.251-26.166. At the moment, the WTI is trading lower, indicating the weakness 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 25.447-25.865. 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 20.04.2020.


• Quotation of the lower boundary of the zone 1/4–25.017


• Quotation of the lower boundary of the zone 1/2–26.687.


• Intraday objectives: update the lows from 20.04.2020–23.337.


• Medium-term objectives: test the higher bound of SWCZ-20.377.GOLD, SILVER, WTI


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


• Sell: 25.017-26.687, Take Profit 1-23.337, Take Profit 2-20.377.


• WCZ (weekly control zone)


• GWCZ (golden weekly control zone)


• SWCZ (silver weekly control zone)

 

James Hoggarth
Analyst of FreshForex
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