GOLD, SILVER, WTI | 22 May 2020

• GOLD


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1695.96-1706.43. 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 1694.81-1703.04. В настоящий момент GOLD торгуется выше, указывая на силу покупателей.


• 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 18.05.2020.


• Quotation of the higher boundary of the zone 1/4–1741.79.


• Quotation of the higher boundary of the zone 1/2–1718.99.


• Intraday objectives: update the highs from 18.05.2020–1764.69.


• Medium-term objectives: test the lower bound of GWCZ–1802.99.GOLD, SILVER, WTI


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


• Buy: 1718.99-1741.79, Take Profit 1–1764.69, Take Profit 2–1802.99.




• SILVER


• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 15.265-15.400. At the moment, the SILVER 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 15.245-15.369. 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 18.05.2020.


• Quotation of the higher boundary of the zone 1/4–16.826.


• Quotation of the higher boundary of the zone 1/2–16.376.


• Intraday objectives: update the highs from 18.05.2020–17.276.


• Medium-term objectives: test the lower bound of SWCZ–17.886.GOLD, SILVER, WTI


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


• Buy: 16.376-16.826, Take Profit 1–17.276, Take Profit 2–17.886.




• WTI


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 25.622-26.669. At the moment, the WTI 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 25.746-26.403. 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 18.05.2020.


• Quotation of the higher boundary of the zone 1/4–27.925


• Quotation of the higher boundary of the zone 1/2–24.925.


• Intraday objectives: update the highs from 18.05.2020–30.925.


• Medium-term objectives: test the higher bound of GWCZ-35.275.GOLD, SILVER, WTI


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


• Buy: 24.925-27.925, Take Profit 1-30.925, Take Profit 2-35.275.


 


• WCZ (weekly control zone)


• GWCZ (golden weekly control zone)


• SWCZ (silver weekly control zone)

 




 

James Hoggarth
Analyst of FreshForex
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