GOLD, SILVER, WTI | 03 June 2022

• XAUUSD


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1850.45-1857.54. 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 1839.28-1843.76. At the moment, the GOLD 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 24.05.2022.


• Quotation of the higher boundary of the zone 1/4–1853.72.


• Quotation of the higher boundary of the zone 1/2–1835.72.


• Intraday objectives: update the highs from 24.05.2022–1871.72.


• Medium-term objectives: test the lower bound of GWCZ–1896.72.GOLD, SILVER, WTI


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



• Buy: 1835.72–1853.72, Take Profit 1–1871.72, Take Profit 2–1896.72.




• XAGUSD


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 21.695-21.820. At the moment, the SILVER 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 21.875-21.950. 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 27.05.2022.


• Quotation of the higher boundary of the zone 1/4–22.074.


• Quotation of the higher boundary of the zone 1/2–21.649.


• Intraday objectives: update the highs from 27.05.2022–22.499.


• Medium-term objectives: test the lower bound of GWCZ–22.994.GOLD, SILVER, WTI


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



• Buy: 21.649–22.074, Take Profit 1–22.499, Take Profit 2–22.994.




• WTI


• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 108.408-109.646. 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 113.061-113.557. 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 30.05.2022.


• Quotation of the higher boundary of the zone 1/4–113.260.


• Quotation of the higher boundary of the zone 1/2–111.080.


• Intraday objectives: update the highs from 30.05.2022–115.450.


• Medium-term objectives: test the higher bound of SWCZ-119.800.GOLD, SILVER, WTI


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



• Buy: 111.080-113.260, Take Profit 1-115.450, Take Profit 2-119.800.




 

James Hoggarth
Analyst of FreshForex
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