GOLD, SILVER, WTI | 11 December 2020

• GOLD


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1802.23-1814.15. At the moment, the GOLD 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 1835.60-1841.09. Currently, the GOLD is trading within the specified range, indicating a temporary uncertainty.


• 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 04.12.2020.


• Quotation of the higher boundary of the zone 1/4–1824.20.


• Quotation of the higher boundary of the zone 1/2–1799.20.


• Intraday objectives: update the highs from 04.12.2020–1849.20.


• Medium-term objectives: test the lower bound of WCZ–1863.70.GOLD, SILVER, WTI


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



• Buy: 1799.20-1824.20, Take Profit 1–1849.20, Take Profit 2–1863.70.




• SILVER


• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 23.770-24.094. Currently, the SILVER 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 23.840-23.970. 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 04.12.2020.


• Quotation of the higher boundary of the zone 1/4–23.744.


• Quotation of the higher boundary of the zone 1/2–23.044.


• Intraday objectives: update the highs from 04.12.2020–24.444.


• Medium-term objectives: test the lower bound of WCZ–24.619.GOLD, SILVER, WTI


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



• Buy: 23.044-23.744, Take Profit 1–24.444, Take Profit 2–24.619.




• WTI


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 45.110-45.600. 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 45.070-45.430. 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 04.12.2020.


• Quotation of the higher boundary of the zone 1/4–45.557.


• Quotation of the higher boundary of the zone 1/2–44.377.


• Intraday objectives: update the highs from 04.12.2020–46.747.


• Medium-term objectives: test the higher bound of GWCZ-47.527.GOLD, SILVER, WTI


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



• Buy: 44.377-45.557, Take Profit 1-46.747, Take Profit 2-47.527.




• WCZ (weekly control zone)


• GWCZ (golden weekly control zone)


• SWCZ (silver weekly control zone)


 


 

James Hoggarth
Analyst of FreshForex
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