GOLD, SILVER, WTI | 14 October 2022

• XAUUSD


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1655.45-1668.60. 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 1710.00-1714.85. 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 11.10.2022.


• Quotation of the lower boundary of the zone 1/4–1675.23.


• Quotation of the lower boundary of the zone 1/2–1689.43.


• Intraday objectives: update the lows from 11.10.2022–1660.93.


• Medium-term objectives: test the lower bound of GWCZ–1646.23.GOLD, SILVER, WTI


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



• Sell: 1675.23-1689.43, Take Profit 1–1660.93, Take Profit 2–1646.23.




• XAGUSD


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 19.481-19.763. Currently, the SILVER 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 20.552-20.626. 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 11.10.2022.


• Quotation of the lower boundary of the zone 1/4–19.880.


• Quotation of the lower boundary of the zone 1/2–20.305.


• Intraday objectives: update the lows from 11.10.2022–19.455.


• Medium-term objectives: test the higher bound of GWCZ–18.750.GOLD, SILVER, WTI


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



• Sell: 19.880-20.305, Take Profit 1–19.455, Take Profit 2–18.750.




• WTI


• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 85.783-86.971. 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 91.092-91.875. At the moment, the WTI is trading lower, indicating the weakness 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 10.10.2022.


• Quotation of the higher boundary of the zone 1/4–90.651.


• Quotation of the higher boundary of the zone 1/2–88.771.


• Intraday objectives: update the highs from 10.10.2022–92.521.


• Medium-term objectives: test the higher bound of GWCZ-94.631.GOLD, SILVER, WTI


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



• Buy: 88.771-90.651, Take Profit 1-92.521, Take Profit 2-94.631.




• WCZ (weekly control zone)


• GWCZ (golden weekly control zone)


• SWCZ (silver weekly control zone)


 


 

James Hoggarth
Analyst of FreshForex
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