GOLD, SILVER, WTI | 29 May 2020

• GOLD


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1729.88-1736.96. 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 1731.09-1739.12. Currently, the GOLD 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 18.05.2020.


• Quotation of the higher boundary of the zone 1/4–1752.62.


• Quotation of the higher boundary of the zone 1/2–1729.82.


• Intraday objectives: update the highs from 18.05.2020–1775.52.


• Medium-term objectives: test the lower bound of GWCZ–1813.02.GOLD, SILVER, WTI


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


• Buy: 1729.82-1752.62, Take Profit 1–1775.52, Take Profit 2–1813.02.




• SILVER


• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 15.265-15.400. At the moment, the SILVER 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 15.114-15.242. 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 20.05.2020.


• Quotation of the higher boundary of the zone 1/4–17.208.


• Quotation of the higher boundary of the zone 1/2–16.758.


• Intraday objectives: update the highs from 20.05.2020–17.658.


• Medium-term objectives: test the lower bound of SWCZ–17.808.GOLD, SILVER, WTI


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


• Buy: 16.758-17.208, Take Profit 1–17.658, Take Profit 2–17.808.




• WTI


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 24.821-25.608. 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 25.746-26.403. 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 21.05.2020.


• Quotation of the higher boundary of the zone 1/4–32.467


• Quotation of the higher boundary of the zone 1/2–30.217.


• Intraday objectives: update the highs from 21.05.2020–34.717.


• Medium-term objectives: test the higher bound of GWCZ-35.327.GOLD, SILVER, WTI


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


• Buy: 30.217-32.467, Take Profit 1-34.717, Take Profit 2-35.327.




• WCZ (weekly control zone)


• GWCZ (golden weekly control zone)


• SWCZ (silver weekly control zone)


 


 


 

James Hoggarth
Analyst of FreshForex
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