GOLD, SILVER, WTI | 24 February 2023

• XAUUSD


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1869.70-1878.70. 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 1875.30-1878.70 and 1835.50-1838.70. Currently, the GOLD 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 17.02.2023.


• Quotation of the lower boundary of the zone 1/4–1837.05.


• Quotation of the lower boundary of the zone 1/2–1855.71.


• Intraday objectives: update the lows from 17.02.2023–1818.61.


• Medium-term objectives: test the lower bound of GWCZ–1781.11.GOLD, SILVER, WTI


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


• Sell: 1837.05-1855.71, Take Profit 1–1818.61, Take Profit 2–1781.11.




• XAGUSD


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 23.600-23.800. 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 22.350-22.450, 21.900-22.000 and 21.650-21.750. 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 17.02.2023.


• Quotation of the lower boundary of the zone 1/4–21.589.


• Quotation of the lower boundary of the zone 1/2–21.990.


• Intraday objectives: update the lows from 17.02.2023–21.140.


• Medium-term objectives: test the higher bound of GWCZ–20.485.GOLD, SILVER, WTI


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


• Sell: 21.589-21.990, Take Profit 1–21.140, Take Profit 2–20.485.




• WTI


• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 78.100-79.400. 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 78.800-79.100. 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 17.02.2023.


• Quotation of the lower boundary of the zone 1/4–76.952.


• Quotation of the lower boundary of the zone 1/2–78.602.


• Intraday objectives: update the highs from 17.02.2023–75.302.


• Medium-term objectives: test the higher bound of WCZ-74.152.GOLD, SILVER, WTI


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



• Sell: 76.952–78.602, Take Profit 1–75.302, Take Profit 2–74.152.


• WCZ (weekly control zone)


• GWCZ (golden weekly control zone)


• SWCZ (silver weekly control zone)




 

James Hoggarth
Analyst of FreshForex
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