GOLD, SILVER, WTI | 15 January 2021

• GOLD


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1876.31-1886.69. At the moment, the GOLD is trading lower, indicating the strength of sellers.


• Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1913.18-1919.03. At the moment, the GOLD 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 11.01.2021.


• Quotation of the lower boundary of the zone 1/4–1842.43.


• Quotation of the lower boundary of the zone 1/2–1867.43.


• Intraday objectives: update the lows from 11.01.2021–1817.43.


• Medium-term objectives: test the lower bound of GWCZ–1812.83.


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




• Sell: 1842.43-1867.43, Take Profit 1–1817.43, Take Profit 2–1812.83.




• SILVER


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 23.770-27.094. At the moment, the SILVER is trading higher, indicating the strength of buyers.


• Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 27.015-27.170. 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 11.01.2021.


• Quotation of the higher boundary of the zone 1/4–24.991.


• Quotation of the higher boundary of the zone 1/2–25.691.


• Intraday objectives: update the lows from 11.01.2021–24.291.


• Medium-term objectives: test the higher bound of GWCZ–23.831.


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




• Sell: 24.991-25.691, Take Profit 1–24.291, Take Profit 2–23.831.




• WTI


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 47.964-48.305. At the moment, the WTI is trading higher, indicating the strength of buyers.


• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 50.840-51.022. 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 08.01.2021.


• Quotation of the higher boundary of the zone 1/4–51.576.


• Quotation of the higher boundary of the zone 1/2–50.446.


• Intraday objectives: update the highs from 08.01.2021–52.706.


• Medium-term objectives: test the higher bound of SWCZ-54.466.


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




• Buy: 50.446-51.576, Take Profit 1-52.706, Take Profit 2-54.466.




 

James Hoggarth
Analyst of FreshForex
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