GOLD, SILVER, WTI | 09 December 2022

• XAUUSD


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1753.60-1769.84. At the moment, the GOLD 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 1750.08-1752.35 and 1798.76-1801.03. 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 05.12.2022.


• Quotation of the higher boundary of the zone 1/4–1793.89.


• Quotation of the higher boundary of the zone 1/2–1779.59.


• Intraday objectives: update the highs from 05.12.2022–1808.09.


• Medium-term objectives: test the lower bound of SWCZ–1834.09.GOLD, SILVER, WTI


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



• Buy: 1779.59–1793.89, Take Profit 1–1808.09, Take Profit 2–1834.09.




• XAGUSD


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 21.076-21.370. At the moment, the SILVER 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 21.229-21.294, 22.590-22.663 and 23.011-23.084. 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 05.12.2022.


• Quotation of the higher boundary of the zone 1/4–23.051.


• Quotation of the higher boundary of the zone 1/2–22.626.


• Intraday objectives: update the highs from 05.12.2022–23.476.


• Medium-term objectives: test the lower bound of SWCZ–23.976.GOLD, SILVER, WTI


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



• Buy: 22.626–23.051, Take Profit 1–23.476, Take Profit 2–23.976.




• WTI


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 79.118-80.870. Currently, the WTI is trading within the specified range, indicating a temporary uncertainty.GOLD, SILVER, WTI


• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 80.378-80.637. 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 01.12.2022.


• Quotation of the higher boundary of the zone 1/4–81.498.


• Quotation of the higher boundary of the zone 1/2–79.618.


• Intraday objectives: update the highs from 01.12.2022–83.368.


• Medium-term objectives: test the higher bound of GWCZ-84.878.GOLD, SILVER, WTI


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



• Buy: 79.618-81.498, Take Profit 1-83.368, Take Profit 2-84.878.




 

James Hoggarth
Analyst of FreshForex
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