GOLD, SILVER, WTI | 13 March 2020

• GOLD


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1568.78-1578.90 and 1639.60-1650.50. At the moment, the GOLD 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 1640.26-1643.80. 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 09.03.2020.


• Quotation of the higher boundary of the zone 1/4–1688.95.


• Quotation of the higher boundary of the zone 1/2–1673.95.


• Intraday objectives: update the highs from 09.03.2020–1703.95.


• Medium-term objectives: test the lower bound of GWCZ–1713.65.GOLD, SILVER, WTI


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


• Buy: 1673.95-1688.95, Take Profit 1–1703.95, Take Profit 2–1713.65.




• SILVER


• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 17.152-17.255. At the moment, the SILVER is trading lower, indicating the strength of sellers.GOLD, SILVER, WTI


• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 17.171-17.236. At the moment, the SILVER is trading lower, indicating the weakness 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 09.03.2020.


• Quotation of the higher boundary of the zone 1/4–17.304.


• Quotation of the higher boundary of the zone 1/2–17.004.


• Intraday objectives: update the highs from 09.03.2020–17.604.


• Medium-term objectives: test the lower bound of GWCZ–18.189.GOLD, SILVER, WTI


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


• Buy: 17.004-17.304, Take Profit 1–17.604, Take Profit 2–18.189




• WTI


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 46.498-47.399. At the moment, the WTI is trading lower, indicating the strength 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 46.973-48.114. At the moment, the WTI 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 09.03.2020.


• Quotation of the lower boundary of the zone 1/4–30.800


• Quotation of the lower boundary of the zone 1/2–31.670.


• Intraday objectives: update the lows from 09.03.2020–29.920.


• Medium-term objectives: test the higher bound of GWCZ-29.620.GOLD, SILVER, WTI


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


• Sell: 31.670-30.800, Take Profit 1-29.920, Take Profit 2-29.620.


• WCZ (weekly control zone)


• GWCZ (golden weekly control zone)


• SWCZ (silver weekly control zone)

 

James Hoggarth
Analyst of FreshForex
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