GOLD, SILVER, WTI | 20 August 2021

• XAUUSD


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1805.15-1814.56. At the moment, the GOLD 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 1727.30-1734.30. 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 16.08.2021.


• Quotation of the higher boundary of the zone 1/4–1760.28.


• Quotation of the higher boundary of the zone 1/2–1737.78.


• Intraday objectives: update the highs from 16.08.2021–1782.78.


• Medium-term objectives: test the lower bound of GWCZ–1811.28.GOLD, SILVER, WTI


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



• Buy: 1737.78-1760.28, Take Profit 1–1782.78, Take Profit 2–1811.28.




• XAGUSD


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 26.075-26.241. At the moment, the SILVER 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 25.103-25.233. At the moment, the SILVER 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 09.08.2021.


• Quotation of the higher boundary of the zone 1/4–22.982.


• Quotation of the higher boundary of the zone 1/2–23.657.


• Intraday objectives: update the lows from 09.08.2021–22.307.


• Medium-term objectives: test the higher bound of SWCZ–20.832.GOLD, SILVER, WTI


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



• Sell: 22.982-23.657, Take Profit 1–22.307, Take Profit 2–20.832.




• WTI


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 68.602-69.046. 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 68.808-69.146. At the moment, the WTI 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 12.08.2021.


• Quotation of the higher boundary of the zone 1/4–68.009.


• Quotation of the higher boundary of the zone 1/2–66.649.


• Intraday objectives: update the highs from 12.08.2021–69.369.


• Medium-term objectives: test the higher bound of WCZ-70.349.GOLD, SILVER, WTI


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



• Buy: 66.649-68.009, Take Profit 1-69.369, Take Profit 2-70.349.




 

James Hoggarth
Analyst of FreshForex
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