GOLD, SILVER, WTI | 14 August 2020

• GOLD


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1974.29-1986.32. 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 1973.88-1981.10. 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 07.08.2020.


• Quotation of the higher boundary of the zone 1/4–2058.53.


• Quotation of the higher boundary of the zone 1/2–2036.73.


• Intraday objectives: update the highs from 07.08.2020–2080.23.


• Medium-term objectives: test the lower bound of SWCZ–2116.13.GOLD, SILVER, WTI


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


• Buy: 2036.73-2058.53, Take Profit 1–2080.23, Take Profit 2–2116.13.




• SILVER


• Long-term trend: goes long. 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 28.176-28.356. 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 07.08.2020.


• Quotation of the higher boundary of the zone 1/4–27.868.


• Quotation of the higher boundary of the zone 1/2–28.443.


• Intraday objectives: update the lows from 07.08.2020–27.293.


• Medium-term objectives: test the higher bound of GWCZ–26.328.GOLD, SILVER, WTI


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


• Sell: 27.868-28.443, Take Profit 1–27.293, Take Profit 2–26.328.




• WTI


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 41.077-41.397. 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 40.197-40.383. 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 05.08.2020.


• Quotation of the higher boundary of the zone 1/4–42.134.


• Quotation of the higher boundary of the zone 1/2–40.584.


• Intraday objectives: update the highs from 05.08.2020–43.684.


• Medium-term objectives: test the higher bound of GWCZ-43.854.GOLD, SILVER, WTI


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


• Buy: 40.584-42.134, Take Profit 1-43.684, Take Profit 2-43.854.




 

James Hoggarth
Analyst of FreshForex
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