GOLD, SILVER, WTI | 10 July 2020

• GOLD


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 17215.94-1725.66. At the moment, the GOLD is trading higher, indicating the strength of buyers.


• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1718.53-1723.04. 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 01.047.2020.


• Quotation of the higher boundary of the zone 1/4–1776.73.


• Quotation of the higher boundary of the zone 1/2–1756.23.


• Intraday objectives: update the highs from 01.07.2020–1797.23.


• Medium-term objectives: test the lower bound of SWCZ–1825.23.


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


• Buy: 1756.23-1776.73, Take Profit 1–1797.23, Take Profit 2–1825.23.




• SILVER


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 17.806-17.960. At the moment, the SILVER is trading higher, indicating the strength of buyers.


• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 17.665-17.736. 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 01.07.2020.


• Quotation of the higher boundary of the zone 1/4–18.129.


• Quotation of the higher boundary of the zone 1/2–17.729.


• Intraday objectives: update the highs from 01.07.2020–18.529.


• Medium-term objectives: test the lower bound of GWCZ–19.254.


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


• Buy: 17.729-18.129, Take Profit 1–18.529, Take Profit 2–19.254.




• WTI


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 39.190-40.045. At the moment, the WTI is trading higher, indicating the strength of buyers.


• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 38.063-38.396. 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 23.06.2020.


• Quotation of the higher boundary of the zone 1/4–39.693


• Quotation of the higher boundary of the zone 1/2–37.743.


• Intraday objectives: update the highs from 23.06.2020–41.643.


• Medium-term objectives: test the higher bound of SWCZ-45.293.


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


• Buy: 37.743-39.693, Take Profit 1-41.643, Take Profit 2-45.293.


 


• WCZ (weekly control zone)


• GWCZ (golden weekly control zone)


• SWCZ (silver weekly control zone)

 


 




 

James Hoggarth
Analyst of FreshForex
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