GOLD, SILVER, WTI | 11 August 2023

• XAUUSD

• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1932.00-1942.00. 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 1935.00-1938.00. At the moment, the GOLD 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 04.08.2023.

• Quotation of the lower boundary of the zone 1/4–1941.66.

• Quotation of the lower boundary of the zone 1/2–1962.36.

• Intraday objectives: update the lows from 04.08.2023–1920.86.

• Medium-term objectives: test the lower bound of WCZ–1910.36.

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

• Sell: 1941.66-1962.36, Take Profit 1–1920.86, Take Profit 2–1910.36.

• XAGUSD

• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 24.850-25.100. 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 24.670-24.770, 24.220-24.320 and 23.550-23.650. 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 04.08.2023.

• Quotation of the lower boundary of the zone 1/4–23.598.

• Quotation of the lower boundary of the zone 1/2–24.023.

• Intraday objectives: update the lows from 04.08.2023–23.173.

• Medium-term objectives: test the higher bound of GWCZ–22.823.

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

• Sell: 23.598-24.023, Take Profit 1–23.173, Take Profit 2–22.823.

• WTI

• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 74.700-75.400. At the moment, the WTI is trading higher, indicating the strength of buyers.

• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 75.000-75.700 and 81.150-81.700. 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 07.08.2023.

• Quotation of the higher boundary of the zone 1/4–81.464.

• Quotation of the higher boundary of the zone 1/2–80.016.

• Intraday objectives: update the highs from 07.08.2023–82.916.

• Medium-term objectives: test the higher bound of SWCZ-84.286.

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

• Buy: 80.016-81.464, Take Profit 1-82.916, Take Profit 2-84.286.