GOLD, SILVER, WTI | 23 April 2021

• XAUUSD


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1740.12-1749.43. 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 1743.18-1746.39. 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 16.04.2021.


• Quotation of the higher boundary of the zone 1/4–1759.30.


• Quotation of the higher boundary of the zone 1/2–1734.30.


• Intraday objectives: update the highs from 16.04.2021–1784.30.


• Medium-term objectives: test the lower bound of GWCZ–1826.90.GOLD, SILVER, WTI


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



• Buy: 1734.30-1759.30, Take Profit 1–1784.30, Take Profit 2–1826.90.




• XAGUSD


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 24.905-25.234. At the moment, the SILVER is trading higher, indicating the weakness of sellers.GOLD, SILVER, WTI


• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 25.117-25.211. 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 16.04.2021.


• Quotation of the higher boundary of the zone 1/4–25.486.


• Quotation of the higher boundary of the zone 1/2–24.661.


• Intraday objectives: update the highs from 16.04.2021–26.331.


• Medium-term objectives: test the lower bound of WCZ–26.971.GOLD, SILVER, WTI


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



• Buy: 24.661-25.486, Take Profit 1–26.331, Take Profit 2–26.971.




• WTI


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 62.814-63.669. Currently, the WTI 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 63.192-63.408. At the moment, the WTI is trading lower, indicating the weakness 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 16.04.2021.


• Quotation of the higher boundary of the zone 1/4–62.637.


• Quotation of the higher boundary of the zone 1/2–61.357.


• Intraday objectives: update the highs from 16.04.2021–63.907.


• Medium-term objectives: test the higher bound of GWCZ-65.297.GOLD, SILVER, WTI


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



• Buy: 61.357-62.637, Take Profit 1-63.907, Take Profit 2-65.297.




 

James Hoggarth
Analyst of FreshForex
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