GOLD, SILVER, WTI | 28 July 2023

• XAUUSD


• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1955.00-1970.00. Currently, the GOLD is trading within the specified range, indicating a temporary uncertainty.GOLD, SILVER, WTI


• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1960.00-1955.00. Currently, the GOLD is trading within the specified range, indicating a temporary uncertainty.


• 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 20.07.2023.


• Quotation of the higher boundary of the zone 1/4–1967.21.


• Quotation of the higher boundary of the zone 1/2–1946.41.


• Intraday objectives: update the highs from 20.07.2023–1987.91.


• Medium-term objectives: test the lower bound of GWCZ–2023.21.GOLD, SILVER, WTI


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


• Buy: 1946.41–1967.21, Take Profit 1–1987.91, Take Profit 2–2023.21.




• XAGUSD


• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 24.700-25.000. Currently, the SILVER is trading within the specified range, indicating a temporary uncertainty.GOLD, SILVER, WTI


• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 24.800-24.900 and 25.090-25.190. Currently, the SILVER is trading within the specified range, indicating a temporary uncertainty.


• 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 20.07.2023.


• Quotation of the higher boundary of the zone 1/4–24.866.


• Quotation of the higher boundary of the zone 1/2–24.441.


• Intraday objectives: update the highs from 20.07.2023–25.291.


• Medium-term objectives: test the lower bound of SWCZ–25.556.GOLD, SILVER, WTI


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


• Buy: 24.441–24.866, Take Profit 1–25.291, Take Profit 2–25.556.




• WTI


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 75.000-76.000. At the moment, the WTI 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 75.400-75.800. At the moment, the WTI 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 21.07.2023.


• Quotation of the higher boundary of the zone 1/4–75.753.


• Quotation of the higher boundary of the zone 1/2–74.303.


• Intraday objectives: update the highs from 21.07.2023–77.203.


• Medium-term objectives: test the higher bound of SWCZ-78.783.GOLD, SILVER, WTI


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


• Buy: 74.303-75.753, Take Profit 1-77.203, Take Profit 2-78.783.


 


 

James Hoggarth
Analyst of FreshForex
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