GOLD, SILVER, WTI | 16 September 2022

• XAUUSD


• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1703.69-1717.72. Currently, the GOLD 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 1736.99-1740.03. 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 01.09.2022.


• Quotation of the lower boundary of the zone 1/4–1704.47.


• Quotation of the lower boundary of the zone 1/2–1720.67.


• Intraday objectives: update the lows from 01.09.2022–1688.17.


• Medium-term objectives: test the lower bound of SWCZ–1683.67.GOLD, SILVER, WTI


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



• Sell: 1704.47-1720.67, Take Profit 1–1688.17, Take Profit 2–1683.67.




• XAGUSD


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 17.872-18.075. 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 18.021-18.089. 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 12.09.2022.


• Quotation of the higher boundary of the zone 1/4–18.656.


• Quotation of the higher boundary of the zone 1/2–18.281.


• Intraday objectives: update the highs from 12.09.2022–19.031.


• Medium-term objectives: test the lower bound of GWCZ–19.721.GOLD, SILVER, WTI


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



• Buy: 18.281–18.656, Take Profit 1–19.031, Take Profit 2–19.721.




• WTI


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 85.837-87.062. At the moment, the WTI 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 86.397-86.837. 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 08.09.2021.


• Quotation of the lower boundary of the zone 1/4–83.241.


• Quotation of the lower boundary of the zone 1/2–85.391.


• Intraday objectives: update the highs from 08.09.2021–81.091.


• Medium-term objectives: test the higher bound of SWCZ-78.961.GOLD, SILVER, WTI


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



• Sell: 83.241–85.391, Take Profit 1–81.091, Take Profit 2–78.961.




 

James Hoggarth
Analyst of FreshForex
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