GOLD, SILVER, WTI | 12 June 2020

• GOLD


• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1742.00-1750.39. At the moment, the GOLD 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 1745.02-1748.26. 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 05.06.2020.


• Quotation of the lower boundary of the zone 1/4–1690.93.


• Quotation of the lower boundary of the zone 1/2–1713.83.


• Intraday objectives: update the lows from 05.06.2020–1668.03.


• Medium-term objectives: test the lower bound of GWCZ–1646.63.GOLD, SILVER, WTI


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


• Sell: 1690.93-1713.83, Take Profit 1–1668.03, Take Profit 2–1646.63.




• SILVER


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 17.243-17.420. Currently, the SILVER is trading within the specified range, indicating a temporary uncertainty.GOLD, SILVER, WTI


• Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 17.727-17.832. 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 05.06.2020.


• Quotation of the higher boundary of the zone 1/4–17.668.


• Quotation of the higher boundary of the zone 1/2–18.118.


• Intraday objectives: update the highs from 05.06.2020–17.218.


• Medium-term objectives: test the higher bound of WCZ–16.993.GOLD, SILVER, WTI


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


• Sell: 17.668-18.118, Take Profit 1–17.218, Take Profit 2–16.993.




• WTI


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 33.949-34.538. 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 36.421-37.090. 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 08.06.2020.


• Quotation of the higher boundary of the zone 1/4–38.315


• Quotation of the higher boundary of the zone 1/2–36.065.


• Intraday objectives: update the highs from 08.06.2020–40.565.


• Medium-term objectives: test the higher bound of GWCZ-44.165.GOLD, SILVER, WTI


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


• Buy: 36.065-38.315, Take Profit 1-40.565, Take Profit 2-44.165.




• WCZ (weekly control zone)


• GWCZ (golden weekly control zone)


• SWCZ (silver weekly control zone)


 


 

James Hoggarth
Analyst of FreshForex
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