GOLD, SILVER, WTI | 31 July 2020

• GOLD

• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1803.78-1810.70. At the moment, the GOLD is trading higher, indicating the strength of buyers.

• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1836.82-1842.27. 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 27.047.2020.

• Quotation of the higher boundary of the zone 1/4–1906.40.

• Quotation of the higher boundary of the zone 1/2–1885.90.

• Intraday objectives: update the highs from 27.07.2020–1926.90.

• Medium-term objectives: test the lower bound of GWCZ–1959.20.

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

• Buy: 1885.90-1906.40, Take Profit 1–1926.90, Take Profit 2–1959.20.

• SILVER

• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 19.431-19.646. At the moment, the SILVER is trading higher, indicating the strength of buyers.

• Medium-term trend: temporary uncertainty. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 22.503-22.680. At the moment, the SILVER is trading higher, indicating the strength of buyers.

• Trading recommendations: I recommend staying out of the market.

• WTI

• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 40.684-41.210. At the moment, the WTI is trading higher, indicating the strength of buyers.

• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 40.698-40.932. 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 21.07.2020.

• Quotation of the higher boundary of the zone 1/4–40.967.

• Quotation of the higher boundary of the zone 1/2–39.417.

• Intraday objectives: update the highs from 21.07.2020–42.517.

• Medium-term objectives: test the higher bound of GWCZ-43.697.

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

• Buy: 39.417-40.967, Take Profit 1-42.517, Take Profit 2-43.697.