GOLD, SILVER, WTI | 30 June 2023

• XAUUSD


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1960.00-1975.00. 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 1967.00-1972.00 и 1933.00-1937.00. 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 23.06.2023.


• Quotation of the lower boundary of the zone 1/4–1930.32.


• Quotation of the lower boundary of the zone 1/2–1951.02.


• Intraday objectives: update the lows from 23.06.2023–1909.52.


• Medium-term objectives: test the lower bound of GWCZ–1884.72.GOLD, SILVER, WTI


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


• Sell: 1930.32-1951.02, Take Profit 1–1909.52, Take Profit 2–1884.72.




• XAGUSD


• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 22.400-22.650. 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 23.150-23.250. 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 23.06.2023.


• Quotation of the lower boundary of the zone 1/4–22.579.


• Quotation of the lower boundary of the zone 1/2–23.054.


• Intraday objectives: update the lows from 23.06.2023–22.104.


• Medium-term objectives: test the higher bound of GWCZ–21.749.GOLD, SILVER, WTI


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


• Sell: 22.579-23.054, Take Profit 1–22.104, Take Profit 2–21.749.




• WTI


• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 70.700-71.400. 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 72.450-72.650. 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 23.06.2023.


• Quotation of the lower boundary of the zone 1/4–68.826.


• Quotation of the lower boundary of the zone 1/2–70.276.


• Intraday objectives: update the highs from 23.06.2023–67.376.


• Medium-term objectives: test the higher bound of GWCZ-64.046.GOLD, SILVER, WTI


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



• Sell: 68.826–70.276, Take Profit 1–67.376, Take Profit 2–64.046.


• WCZ (weekly control zone)


• GWCZ (golden weekly control zone)


• SWCZ (silver weekly control zone)




 

James Hoggarth
Analyst of FreshForex
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