GOLD, SILVER, WTI | 30 July 2021

• XAUUSD


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1798.92-1804.45. 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 1804.10-1807.58. 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 15.07.2021.


• Quotation of the higher boundary of the zone 1/4–1812.50.


• Quotation of the higher boundary of the zone 1/2–1790.00.


• Intraday objectives: update the highs from 15.07.2021–1834.64.


• Medium-term objectives: test the lower bound of WCZ–1840.94.GOLD, SILVER, WTI


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



• Buy: 1790.00-1812.50, Take Profit 1–1834.64, Take Profit 2–1840.94.




• XAGUSD


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 25.965-26.177. 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 26.148-26.215. 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 21.07.2021.


• Quotation of the higher boundary of the zone 1/4–25.401.


• Quotation of the higher boundary of the zone 1/2–26.076.


• Intraday objectives: update the lows from 21.07.2021–24.726.


• Medium-term objectives: test the higher bound of SWCZ–23.456.GOLD, SILVER, WTI


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



• Sell: 25.401-26.076, Take Profit 1–24.726, Take Profit 2–23.456.




• WTI


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 72.739-73.050. At the moment, the WTI is trading lower, indicating the strength 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 71.305-71.622. Currently, the WTI 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 26.07.2021.


• Quotation of the higher boundary of the zone 1/4–70.836.


• Quotation of the higher boundary of the zone 1/2–69.476.


• Intraday objectives: update the highs from 26.07.2021–72.196.


• Medium-term objectives: test the higher bound of GWCZ-72.956.GOLD, SILVER, WTI


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



• Buy: 69.476-70.836, Take Profit 1-72.196, Take Profit 2-72.956.




 

James Hoggarth
Analyst of FreshForex
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