GOLD, SILVER, WTI | 17 March 2023

• XAUUSD


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1834.00-1842.00. 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 1813.00-1816.00. 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 13.03.2023.


• Quotation of the higher boundary of the zone 1/4–1876.27.


• Quotation of the higher boundary of the zone 1/2–1857.77.


• Intraday objectives: update the highs from 13.03.2023–1895.17.


• Medium-term objectives: test the lower bound of GWCZ–1919.87.GOLD, SILVER, WTI


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


• Buy: 1857.77–1876.27, Take Profit 1–1895.17, Take Profit 2–1919.87.




• XAGUSD


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 20.000-20.200. At the moment, the SILVER is trading higher, indicating the weakness 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 20.000-20.200. At the moment, the SILVER 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 10.03.2023.


• Quotation of the lower boundary of the zone 1/4–20.303.


• Quotation of the lower boundary of the zone 1/2–20.728.


• Intraday objectives: update the lows from 10.03.2023–19.868.


• Medium-term objectives: test the higher bound of GWCZ–18.908.GOLD, SILVER, WTI


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


• Sell: 20.303-20.728, Take Profit 1–19.868, Take Profit 2–18.908.




• WTI


• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 75.700-76.700. Currently, the WTI 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 76.600-76.900. Currently, the WTI 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 10.03.2023.


• Quotation of the lower boundary of the zone 1/4–76.530.


• Quotation of the lower boundary of the zone 1/2–78.146.


• Intraday objectives: update the highs from 10.03.2023–74.816.


• Medium-term objectives: test the higher bound of WCZ-74.386.GOLD, SILVER, WTI


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



• Sell: 76.530–78.146, Take Profit 1–74.816, Take Profit 2–74.386.


• WCZ (weekly control zone)


• GWCZ (golden weekly control zone)


• SWCZ (silver weekly control zone)




 

James Hoggarth
Analyst of FreshForex
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