GOLD, SILVER, WTI | 08 January 2021

• GOLD


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1876.31-1886.69. At the moment, the GOLD is trading higher, indicating the weakness 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 1876.12-1881.50. 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 04.01.2021.


• Quotation of the higher boundary of the zone 1/4–1900.69.


• Quotation of the higher boundary of the zone 1/2–1875.69.


• Intraday objectives: update the highs from 04.01.2021–1925.69.


• Medium-term objectives: test the lower bound of SWCZ–1963.69.GOLD, SILVER, WTI


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



• Buy: 1875.69-1900.69, Take Profit 1–1925.69, Take Profit 2–1963.69.


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• SILVER


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 23.770-24.094. 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 26.176-26.292. 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 04.01.2021.


• Quotation of the higher boundary of the zone 1/4–26.444.


• Quotation of the higher boundary of the zone 1/2–25.744.


• Intraday objectives: update the highs from 04.01.2021–27.144.


• Medium-term objectives: test the lower bound of WCZ–27.734.GOLD, SILVER, WTI


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



• Buy: 25.744-26.444, Take Profit 1–27.144, Take Profit 2–27.734.


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• WTI


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 47.964-48.305. 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 48.388-48.649. 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 18.12.2020.


• Quotation of the higher boundary of the zone 1/4–48.248.


• Quotation of the higher boundary of the zone 1/2–47.068.


• Intraday objectives: update the highs from 18.12.2020–49.438.


• Medium-term objectives: test the higher bound of SWCZ-50.358.GOLD, SILVER, WTI


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



• Buy: 47.068-48.248, Take Profit 1-49.438, Take Profit 2-50.358.




 

James Hoggarth
Analyst of FreshForex
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