GOLD, SILVER, WTI | 21 October 2022

• XAUUSD


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1655.45-1675.53. At the moment, the GOLD 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 1667.98-1671.28. 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 14.10.2022.


• Quotation of the lower boundary of the zone 1/4–1654.54.


• Quotation of the lower boundary of the zone 1/2–1668.74.


• Intraday objectives: update the lows from 14.10.2022–1640.24.


• Medium-term objectives: test the lower bound of SWCZ–1619.34.GOLD, SILVER, WTI


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



• Sell: 1654.54-1668.74, Take Profit 1–1640.24, Take Profit 2–1619.34.




• XAGUSD


• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 19.386-19.646. 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 18.941-19.061. 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 14.10.2022.


• Quotation of the lower boundary of the zone 1/4–18.497.


• Quotation of the lower boundary of the zone 1/2–18.922.


• Intraday objectives: update the lows from 14.10.2022–18.072.


• Medium-term objectives: test the higher bound of GWCZ–17.122.GOLD, SILVER, WTI


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



• Sell: 18.497-18.922, Take Profit 1–18.072, Take Profit 2–17.122.




• 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 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 87.688-88.084. 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 14.10.2021.


• Quotation of the lower boundary of the zone 1/4–86.069.


• Quotation of the lower boundary of the zone 1/2–87.939.


• Intraday objectives: update the highs from 14.10.2021–84.189.


• Medium-term objectives: test the higher bound of GWCZ-81.059.GOLD, SILVER, WTI


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



• Sell: 86.069–87.939, Take Profit 1–84.189, Take Profit 2–81.059.




• WCZ (weekly control zone)


• GWCZ (golden weekly control zone)


• SWCZ (silver weekly control zone)




 

James Hoggarth
Analyst of FreshForex
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