GOLD, SILVER, WTI | 20 October 2023

• XAUUSD

• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1930.00-1935.00. At the moment, the GOLD is trading lower, indicating the strength of sellers.

• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1921.00-1925.00. Currently, the GOLD is trading within the specified range, indicating a temporary uncertainty.

• 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 13.10.2023.

• Quotation of the higher boundary of the zone 1/4–1913.90.

• Quotation of the higher boundary of the zone 1/2–1894.40.

• Intraday objectives: update the highs from 13.10.2023–1933.40.

• Medium-term objectives: test the lower bound of SWCZ–1966.70.

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

• Buy: 1894.40–1913.90, Take Profit 1–1933.40, Take Profit 2–1966.70.

• XAGUSD

• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 23.100-23.300. At the moment, the SILVER is trading lower, indicating the strength of sellers.

• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 21.770-21.830 and 22.570-22.630. 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 09.10.2023.

• Quotation of the higher boundary of the zone 1/4–22.409.

• Quotation of the higher boundary of the zone 1/2–22.009.

• Intraday objectives: update the highs from 09.10.2023–22.809.

• Medium-term objectives: test the lower bound of GWCZ–23.069.

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

• Buy: 22.009–22.409, Take Profit 1–22.809, Take Profit 2–23.069.

• WTI

• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 88.500-89.400. At the moment, the WTI is trading lower, indicating the strength of sellers.

• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 86.200-86.400. Currently, the WTI is trading within the specified range, indicating a temporary uncertainty.

• 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 16.10.2023.

• Quotation of the higher boundary of the zone 1/4–85.050.

• Quotation of the higher boundary of the zone 1/2–83.400.

• Intraday objectives: update the highs from 16.10.2023–86.700.

• Medium-term objectives: test the higher bound of WCZ-87.940.

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

• Buy: 83.400-85.050, Take Profit 1-86.700, Take Profit 2-87.940.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)