GOLD, SILVER, WTI | 09 April 2021

• XAUUSD


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1679.55-1688.19. At the moment, the GOLD is trading higher, indicating the weakness 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 1682.14-1686.19. 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 31.03.2021.


• Quotation of the lower boundary of the zone 1/4–1701.37.


• Quotation of the lower boundary of the zone 1/2–1726.37.


• Intraday objectives: update the lows from 31.03.2021–1676.37.


• Medium-term objectives: test the lower bound of WCZ–1655.07.GOLD, SILVER, WTI


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



• Sell: 1701.37-1726.37, Take Profit 1–1676.37, Take Profit 2–1655.07.




• XAGUSD


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 25.861-26.196. At the moment, the SILVER 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 24.989-25.120. 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 31.02.2021.


• Quotation of the higher boundary of the zone 1/4–24.503.


• Quotation of the higher boundary of the zone 1/2–25.328.


• Intraday objectives: update the lows from 31.02.2021–23.678.


• Medium-term objectives: test the higher bound of GWCZ–23.458.GOLD, SILVER, WTI


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



• Sell: 24.503-25.328, Take Profit 1–23.678, Take Profit 2–23.458.




• WTI


• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 59.884-60.617. At the moment, the WTI is trading higher, indicating the weakness 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 60.472-60.737. At the moment, the WTI 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 31.03.2021.


• Quotation of the lower boundary of the zone 1/4–60.113.


• Quotation of the lower boundary of the zone 1/2–61.383.


• Intraday objectives: update the highs from 31.03.2021–58.833.


• Medium-term objectives: test the higher bound of WCZ-57.153.GOLD, SILVER, WTI


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



• Sell: 60.113-61.383, Take Profit 1-58.833, Take Profit 2-57.153.




• WCZ (weekly control zone)


• GWCZ (golden weekly control zone)


• SWCZ (silver weekly control zone)




 

James Hoggarth
Analyst of FreshForex
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