AUDUSD, GOLD, WTI | 23 August 2019

AUDUSD

Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 0.69674-0.70354 and 0.67701-0.67846. Currently, the pair is trading within the specified range, indicating a temporary uncertainty.AUDUSD, GOLD, WTI

Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 0.67759-0.67841. Currently, the pair 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 14.08.2019.

Quotation of the lower boundary of the zone 1/4-0.67710.

Quotation of the lower boundary of the zone 1/2-0.68055.

Intraday objectives: update the lows from 14.08.2019–0.67345.

Medium-term objectives: test the higher bound of WCZ - 0.66869.AUDUSD, GOLD, WTI

Trading recommendations: the volume of the medium-term trend prevents the entry into the deal to sell, I recommend staying out of the market or very careful sells from the range of favorable prices 0.67710-0.68055 in the formation of a reversal pattern.


Sell: 0.67710-0.68055, Take Profit 1 - 0.67345, Take Profit 2 - 0.66869.


GOLD

Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1496.32-1503.62. Currently, the GOLD is trading within the specified range, indicating a temporary uncertainty.AUDUSD, GOLD, WTI

Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1511.69-1515.72. 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 16.08.2019.

Quotation of the higher boundary of the zone 1/4–1516.98.

Quotation of the higher boundary of the zone 1/2–1505.64.

Intraday objectives: update the highs from 16.08.2019–1528.08.

Medium-term objectives: test the lower bound of GWCZ–1547.24.AUDUSD, GOLD, WTI

Trading recommendations: the volume of the medium-term trend prevents the entry into the deal to buy, I recommend staying out of the market or very careful buys from the range of favorable prices 1505.64-1516.98 in the formation of a reversal pattern.


Buy: 1505.64-1516.98, Take Profit 1–1528.08, Take Profit 2–1547.24.




WTI


Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 54.560-54.792. At the moment, the WTI is trading higher, indicating the weakness of sellers.AUDUSD, GOLD, WTI

Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 54.144-54.320. At the moment, the WTI 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 15.08.2019.

Quotation of the lower boundary of the zone 1/4–54.647.

Quotation of the lower boundary of the zone 1/2–55.565.

Intraday objectives: update the lows from 15.08.2019–53.717

Medium-term objectives: test the higher bound of GWCZ-51.907.AUDUSD, GOLD, WTI

Trading recommendations: the volume of the medium-term trend prevents the entry into the deal to sell, I recommend staying out of the market or very careful sells from the range of favorable 54.647-55.565 in the formation of a reversal pattern.


Sell: 54.647-55.565, Take Profit 1-53.717, Take Profit 2-51.907.


WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)


 

James Hoggarth
Analyst of FreshForex
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