GOLD, SILVER, WTI | 19 May 2023

• XAUUSD

• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 2005.00-2020.00. Currently, the GOLD is trading within the specified range, indicating a temporary uncertainty.

• Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 2026.00-2029.00 and 2014.00-2017.00. At the moment, the GOLD 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 12.05.2023.

• Quotation of the lower boundary of the zone 1/4–2019.99.

• Quotation of the lower boundary of the zone 1/2–2040.69.

• Intraday objectives: update the lows from 12.05.2023–1999.19.

• Medium-term objectives: test the lower bound of GWCZ–1954.39.

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

• Sell: 2019.99-2040.69, Take Profit 1–1999.19, Take Profit 2–1954.39.

• XAGUSD

• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 25.500-25.700. At the moment, the SILVER is trading lower, indicating the strength of sellers.

• Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 25.620-25.720. 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 12.05.2023.

• Quotation of the lower boundary of the zone 1/4–24.193.

• Quotation of the lower boundary of the zone 1/2–24.668.

• Intraday objectives: update the lows from 12.05.2023–23.718.

• Medium-term objectives: test the higher bound of GWCZ–23.393.

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

• Sell: 24.193-24.668, Take Profit 1–23.718, Take Profit 2–23.393.

• WTI

• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 70.700-71.550. At the moment, the WTI is trading lower, indicating the strength of sellers.

• Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 71.120-71.580. 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 15.05.2023.

• Quotation of the lower boundary of the zone 1/4–71.060.

• Quotation of the lower boundary of the zone 1/2–72.510.

• Intraday objectives: update the highs from 15.05.2023–69.610.

• Medium-term objectives: test the higher bound of WCZ-68.110.

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

• Sell: 71.060–72.510, Take Profit 1–69.610, Take Profit 2–68.110.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)