GOLD, GAS, WTI | 10 January 2020

• GOLD


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1473.69-1479.44. At the moment, the GOLD is trading higher, indicating the strength of buyers.GOLD, GAS, WTI


• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1547.30-1550.65. At the moment, the GOLD 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 06.01.2020.


• Quotation of the higher boundary of the zone 1/4–1577.14.


• Quotation of the higher boundary of the zone 1/2–1565.84.


• Intraday objectives: update the highs from 06.01.2020–1588.34.


• Medium-term objectives: test the higher bound of SWCZ–1595.44.GOLD, GAS, WTI


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


• Buy: 1565.84-1577.14, Take Profit 1–1588.34, Take Profit 2–1595.44




• GAS


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 2.102-2.119. Currently, the GAS is trading within the specified range, indicating a temporary uncertainty.GOLD, GAS, WTI


• Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 2.171-2.202. At the moment, the GAS 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 03.01.2020.


• Quotation of the lower boundary of the zone 1/4–2.118.


• Quotation of the lower boundary of the zone 1/2–2.168.


• Intraday objectives: update the lows from 03.01.2020–2.068.


• Medium-term objectives: test the higher bound of WCZ–2.036.GOLD, GAS, WTI


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


• Sell: 2.118-2.168, Take Profit 1–2.068, Take Profit 2–2.036.




• WTI


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 60.509-60.705. At the moment, the WTI is trading higher, indicating the strength of buyers.GOLD, GAS, WTI


• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 60.767-61.015. 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 06.01.2020.


• Quotation of the higher boundary of the zone 1/4–63.294.


• Quotation of the higher boundary of the zone 1/2–62.364.


• Intraday objectives: update the highs from 06.01.2020–64.269.


• Medium-term objectives: test the lower bound of SWCZ-66.054.GOLD, GAS, WTI


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


• Buy: 62.364-63.294, Take Profit 1-64.269, Take Profit 2-66.054.


• WCZ (weekly control zone)


• GWCZ (golden weekly control zone)


• SWCZ (silver weekly control zone)

 

James Hoggarth
Analyst of FreshForex
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