GOLD, SILVER, WTI | 26 June 2020

• GOLD


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1720.17-1728.77. 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 1723.67-1726.82. 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 22.06.2020.


• Quotation of the higher boundary of the zone 1/4–1747.50.


• Quotation of the higher boundary of the zone 1/2–1727.00.


• Intraday objectives: update the highs from 22.06.2020–1768.00.


• Medium-term objectives: test the lower bound of GWCZ–1786.00.GOLD, SILVER, WTI


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


• Buy: 1727.00-1747.50, Take Profit 1–1768.00, Take Profit 2–1786.00.




• SILVER


• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 17.260-17.404. At the moment, the SILVER 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 17.727-17.832. Currently, the SILVER is trading within the specified range, indicating a temporary uncertainty.


• 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 15.06.2020.


• Quotation of the higher boundary of the zone 1/4–17.290.


• Quotation of the higher boundary of the zone 1/2–17.690.


• Intraday objectives: update the lows from 15.06.2020–16.890.


• Medium-term objectives: test the higher bound of WCZ–16.425.GOLD, SILVER, WTI


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


• Sell: 17.290-17.690, Take Profit 1–16.890, Take Profit 2–16.425.




• WTI


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 37.801-38.629. 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 1/4–38.451


• Quotation of the higher boundary of the zone 1/2–36.201.


• Intraday objectives: update the highs from 08.06.2020–40.701.


• Medium-term objectives: test the higher bound of GWCZ-44.301.GOLD, SILVER, WTI


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


• Buy: 36.201-38.451, Take Profit 1-40.701, Take Profit 2-44.301.




• WCZ (weekly control zone)


• GWCZ (golden weekly control zone)


• SWCZ (silver weekly control zone)


 


 

James Hoggarth
Analyst of FreshForex
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