GOLD, SILVER, WTI | 24 June 2022

• XAUUSD


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1888.70-1897.60. At the moment, the GOLD is trading higher, indicating the strength of buyers.GOLD, SILVER, WTI


• Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1991.35-1995.73. 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 11.03.2022.


• Quotation of the lower boundary of the zone 1/4–1974.61.


• Quotation of the lower boundary of the zone 1/2–1992.61.


• Intraday objectives: update the lows from 11.03.2022–1956.61.


• Medium-term objectives: test the lower bound of SWCZ–1930.81.GOLD, SILVER, WTI


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



• Sell: 1974.61-1992.61, Take Profit 1–1956.61, Take Profit 2–1930.81.




• XAGUSD


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 24.937-25.062. 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 25.035-25.117. 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 29.03.2022.


• Quotation of the lower boundary of the zone 1/4–24.382.


• Quotation of the lower boundary of the zone 1/2–24.857.


• Intraday objectives: update the lows from 29.03.2022–23.907.


• Medium-term objectives: test the higher bound of GWCZ–23.172.GOLD, SILVER, WTI


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



• Sell: 24.382-24.857, Take Profit 1–23.907, Take Profit 2–23.172.




• WTI


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 108.050-109.505. At the moment, the WTI is trading lower, indicating the weakness of buyers.GOLD, SILVER, WTI


• Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 114.949-115.481. At the moment, the WTI 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 17.06.2021.


• Quotation of the lower boundary of the zone 1/4–108.200.


• Quotation of the lower boundary of the zone 1/2–110.290.


• Intraday objectives: update the highs from 17.06.2021–106.110.


• Medium-term objectives: test the higher bound of SWCZ-103.890.GOLD, SILVER, WTI


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



• Sell: 108.200–110.290, Take Profit 1–106.110, Take Profit 2–103.890.




 

James Hoggarth
Analyst of FreshForex
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