GOLD, SILVER, WTI | 02 October 2020

• GOLD


• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1940.16-1945.25. 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 1954.49-19458.31. At the moment, the GOLD 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 16.09.2020.


• Quotation of the higher boundary of the zone 1/4–1953.65.


• Quotation of the higher boundary of the zone 1/2–1930.35.


• Intraday objectives: update the highs from 16.09.2020–1976.85.


• Medium-term objectives: test the lower bound of WCZ–1997.75.GOLD, SILVER, WTI


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


• Buy: 1930.35-1953.65, Take Profit 1–1976.85, Take Profit 2–1997.75.




• SILVER


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 27.252-27.552. 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 27.382-27.512. 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 31.08.2020.


• Quotation of the higher boundary of the zone 1/4–27.436.


• Quotation of the higher boundary of the zone 1/2–26.773.


• Intraday objectives: update the highs from 31.08.2020–28.098.


• Medium-term objectives: test the lower bound of WCZ–28.573.GOLD, SILVER, WTI


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


• Buy: 26.773-27.436, Take Profit 1–28.098, Take Profit 2–28.573.




• WTI


• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 39.850-40.050. 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 41.025-41.277. 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 18.09.2020.


• Quotation of the higher boundary of the zone 1/4–40.415.


• Quotation of the higher boundary of the zone 1/2–39.035.


• Intraday objectives: update the highs from 18.09.2020–41.785.


• Medium-term objectives: test the higher bound of WCZ-42.145.GOLD, SILVER, WTI


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


• Buy: 39.035-40.415, Take Profit 1-41.785, Take Profit 2-42.145.




• WCZ (weekly control zone)


• GWCZ (golden weekly control zone)


• SWCZ (silver weekly control zone)


 


 

James Hoggarth
Analyst of FreshForex
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