GOLD, SILVER, WTI | 23 December 2022

XAUUSD


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1785.10-1794.00. 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 1808.90-1811.20. At the moment, the pair 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 15.12.2022.


• Quotation of the lower boundary of the zone 1/4–1787.85.


• Quotation of the lower boundary of the zone 1/2–1803.05.


• Intraday objectives: update the lows from 15.12.2022–1772.05.


• Medium-term objectives: test the lower bound of WCZ–1763.95.GOLD, SILVER, WTI


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



• Sell: 1787.85-1803.05, Take Profit 1–1772.05, Take Profit 2–1763.95.




• XAGUSD


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 23.020-23.270. 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 23.700-23.800. 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 16.12.2022.


• Quotation of the lower boundary of the zone 1/4–22.958.


• Quotation of the lower boundary of the zone 1/2–23.383.


• Intraday objectives: update the lows from 16.12.2022–22.533.


• Medium-term objectives: test the higher bound of GWCZ–21.638.GOLD, SILVER, WTI


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



• Sell: 22.958-23.383, Take Profit 1–22.533, Take Profit 2–21.638.




• WTI


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 73.490-75.290. 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 77.300-77.590. 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 15.12.2022.


• Quotation of the higher boundary of the zone 1/4–76.057.


• Quotation of the higher boundary of the zone 1/2–74.307.


• Intraday objectives: update the highs from 15.12.2022–77.807.


• Medium-term objectives: test the higher bound of GWCZ-80.787.GOLD, SILVER, WTI


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



• Buy: 74.307-76.057, Take Profit 1-77.807, Take Profit 2-80.787.




 

James Hoggarth
Analyst of FreshForex
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