GOLD, SILVER, WTI | 19 March 2021

GOLD


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1838.68-1847.37. At the moment, the GOLD is trading lower, indicating the strength of sellers.GOLD, SILVER, WTI


• Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1713.85-1718.89. 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 08.03.2021.


• Quotation of the lower boundary of the zone 1/4–1700.60.


• Quotation of the lower boundary of the zone 1/2–1725.60.


• Intraday objectives: update the lows from 08.03.2021–1675.60.


• Medium-term objectives: test the lower bound of GWCZ–1631.20.GOLD, SILVER, WTI


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



• Sell: 1700.60-1725.60, Take Profit 1–1675.60, Take Profit 2–1631.20.




• SILVER


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 25.861-26.196. Currently, the SILVER is trading within the specified range, indicating a temporary uncertainty.GOLD, SILVER, WTI


• Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 26.075-26.246. Currently, the SILVER is trading within the specified range, indicating a temporary uncertainty.


• 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 05.02.2021.


• Quotation of the higher boundary of the zone 1/4–25.615.


• Quotation of the higher boundary of the zone 1/2–26.440.


• Intraday objectives: update the lows from 5.02.2021–24.790.


• Medium-term objectives: test the higher bound of GWCZ–23.465.GOLD, SILVER, WTI


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



• Sell: 25.615-26.440, Take Profit 1–24.790, Take Profit 2–23.465.




• WTI


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 65.148-66.043. 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 65.655-65.842. 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 15.03.2021.


• Quotation of the higher boundary of the zone 1/4–65.287.


• Quotation of the higher boundary of the zone 1/2–64.157.


• Intraday objectives: update the highs from 15.03.2021–66.417.


• Medium-term objectives: test the higher bound of WCZ-67.597.GOLD, SILVER, WTI


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



• Buy: 64.157-65.287, Take Profit 1-66.417, Take Profit 2-67.597.




 

James Hoggarth
Analyst of FreshForex
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