GOLD, SILVER, WTI | 24 January 2020

• GOLD


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1475.91-1482.51. At the moment, the GOLD is trading higher, indicating the strength of buyers.GOLD, SILVER, WTI


• Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1549.10-1554.35. 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 14.01.2020.


• Quotation of the lower boundary of the zone 1/4–1548.85.


• Quotation of the lower boundary of the zone 1/2–1561.35.


• Intraday objectives: update the lows from 14.01.2020–1536.35.


• Medium-term objectives: test the higher bound of SWCZ–1513.25.GOLD, SILVER, WTI


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


• Sell: 1548.85-1561.35, Take Profit 1–1536.35, Take Profit 2–1513.25




• SILVER


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 16.963-17.066 and 17.898-18.007. At the moment, the SILVER is trading higher, indicating the strength of buyers.GOLD, SILVER, WTI


• Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 17.889-17.935. 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 14.01.2020.


• Quotation of the lower boundary of the zone 1/4–17.947.


• Quotation of the lower boundary of the zone 1/2–18.222.


• Intraday objectives: update the lows from 14.01.2020–17.672.


• Medium-term objectives: test the higher bound of GWCZ–17.227.GOLD, SILVER, WTI


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


• Sell: 17.947-18.222, Take Profit 1–17.672, Take Profit 2–17.227




• WTI


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 58.402-58.667. At the moment, the WTI 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 58.144-58.394. 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 15.01.2020.


• Quotation of the higher boundary of the zone 1/4–58.317.


• Quotation of the higher boundary of the zone 1/2–59.257.


• Intraday objectives: update the highs from 15.01.2020–57.377.


• Medium-term objectives: test the lower bound of GWCZ-55.987.GOLD, SILVER, WTI


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


• Sell: 58.317-59.257, Take Profit 1-57.377, Take Profit 2-55.987.


• WCZ (weekly control zone)


• GWCZ (golden weekly control zone)


• SWCZ (silver weekly control zone)

 

James Hoggarth
Analyst of FreshForex
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