GOLD, SILVER, WTI | 03 April 2020

• GOLD


• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1615.45-1627.40. Currently, the GOLD is trading within the specified range, indicating a temporary uncertainty.GOLD, SILVER, WTI


• Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1593.04-1597.26. 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 25.03.2020.


• Quotation of the lower boundary of the zone 1/4–1596.74.


• Quotation of the lower boundary of the zone 1/2–1617.64.


• Intraday objectives: update the lows from 25.03.2020–1575.84.


• Medium-term objectives: test the higher bound of GWCZ–1539.64.GOLD, SILVER, WTI


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


• Sell: 1596.74-1617.64, Take Profit 1–1575.84, Take Profit 2–1539.64.




• SILVER


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 16.915-17.227. 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 12.303-12.609. At the moment, the SILVER 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 26.03.2020.


• Quotation of the higher boundary of the zone 1/4–14.476.


• Quotation of the higher boundary of the zone 1/2–13.936.


• Intraday objectives: update the highs from 26.03.2020–14.926.


• Medium-term objectives: test the lower bound of SWCZ–15.186.GOLD, SILVER, WTI


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


• Buy: 13.936-14.476, Take Profit 1–14.926, Take Profit 2–15.186




• WTI


• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 24.312-25.320. At the moment, the WTI 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 23.790-24.234. At the moment, the WTI is trading lower, indicating the weakness of buyers.


• The area of profitable prices for sell in terms of marginal cover is located between zones 1/4 and 1/2 constructed from the maximum 25.03.2020.


• Quotation of the higher boundary of the zone 1/4–23.906


• Quotation of the higher boundary of the zone 1/2–22.506.


• Intraday objectives: update the highs from 25.03.2020–25.306.


• Medium-term objectives: test the lower bound of WCZ-26.056.GOLD, SILVER, WTI


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


• Buy: 22.506-23.906, Take Profit 1-25.306, Take Profit 2-25.056.


• WCZ (weekly control zone)


• GWCZ (golden weekly control zone)


• SWCZ (silver weekly control zone)

 

James Hoggarth
Analyst of FreshForex
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