GOLD, SILVER, WTI | 05 June 2020

• GOLD


• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1719.10-1728.23. At the moment, the GOLD 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 1690.63-1694.56. At the moment, the GOLD is trading higher, indicating the weakness 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 27.05.2020.


• Quotation of the lower boundary of the zone 1/4–1709.65.


• Quotation of the lower boundary of the zone 1/2–1732.55.


• Intraday objectives: update the lows from 27.05.2020–1686.75.


• Medium-term objectives: test the lower bound of GWCZ–1681.15.GOLD, SILVER, WTI


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


• Sell: 1709.65-1732.55, Take Profit 1–1686.75, Take Profit 2–1681.15.




• SILVER


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 15.026-15.189. At the moment, the SILVER 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 15.114-15.242 and 17.181-17.335. 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 01.06.2020.


• Quotation of the higher boundary of the zone 1/4–17.721.


• Quotation of the higher boundary of the zone 1/2–17.271.


• Intraday objectives: update the highs from 01.06.2020–18.171.


• Medium-term objectives: test the lower bound of GWCZ–18.611.GOLD, SILVER, WTI


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


• Buy: 17.271-17.721, Take Profit 1–18.171, Take Profit 2–18.611.




• WTI


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 32.518-33.213. 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 32.258-33.075. 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 01.06.2020.


• Quotation of the higher boundary of the zone 1/4–33.734


• Quotation of the higher boundary of the zone 1/2–31.484.


• Intraday objectives: update the highs from 01.06.2020–35.984.


• Medium-term objectives: test the higher bound of GWCZ-39.854.GOLD, SILVER, WTI


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


• Buy: 31.484-33.734, Take Profit 1-35.984, Take Profit 2-39.854.


 


• WCZ (weekly control zone)


• GWCZ (golden weekly control zone)


• SWCZ (silver weekly control zone)

 




 

James Hoggarth
Analyst of FreshForex
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