GOLD, SILVER, WTI | 13 January 2023

• XAUUSD


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1792.90-1803.20. 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 1819.90-1824.90 and 1838.50-1843.20. 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 09.01.2023.


• Quotation of the higher boundary of the zone 1/4–1860.20.


• Quotation of the higher boundary of the zone 1/2–1842.90.


• Intraday objectives: update the highs from 09.01.2023–1877.40.


• Medium-term objectives: test the lower bound of GWCZ–1880.70.GOLD, SILVER, WTI


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



• Buy: 1842.90–1860.20, Take Profit 1–1877.40, Take Profit 2–1880.70.




• XAGUSD


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 23.860-24.010. 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 14.000-14.150. Currently, the SILVER is trading within the specified range, indicating a temporary uncertainty.


• 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 05.01.2023.


• Quotation of the lower boundary of the zone 1/4–21.117.


• Quotation of the lower boundary of the zone 1/2–23.947.


• Intraday objectives: update the lows from 05.01.2023–23.097.


• Medium-term objectives: test the higher bound of WCZ–22.919.GOLD, SILVER, WTI


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



• Sell: 23.947-21.542, Take Profit 1–23.097, Take Profit 2–22.919.




• WTI


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 76.850-78.500. 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 73.400-73.900. At the moment, the WTI is trading higher, indicating the weakness 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 05.01.2023.


• Quotation of the lower boundary of the zone 1/4–74.366.


• Quotation of the lower boundary of the zone 1/2–76.116.


• Intraday objectives: update the highs from 05.01.2023–72.640.


• Medium-term objectives: test the higher bound of GWCZ-71.180.GOLD, SILVER, WTI


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



• Sell: 74.366–76.116, Take Profit 1–72.640, Take Profit 2–71.180.




• WCZ (weekly control zone)


• GWCZ (golden weekly control zone)


• SWCZ (silver weekly control zone)




 

James Hoggarth
Analyst of FreshForex
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