GOLD, SILVER, WTI | 07 February 2020

• GOLD


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1576.55-1584.86. Currently, the pair is trading within the specified range, indicating a temporary uncertainty.GOLD, SILVER, WTI


• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1578.10-1580.20. 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 03.02.2020.


• Quotation of the higher boundary of the zone 1/4–1582.58.


• Quotation of the higher boundary of the zone 1/2–1570.08.


• Intraday objectives: update the lows from 03.02.2020–1595.08.


• Medium-term objectives: test the lower bound of GWCZ–1613.18.GOLD, SILVER, WTI


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


• Buy: 1570.08-1582.58, Take Profit 1–1595.08, Take Profit 2–1613.18




• SILVER


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 17.915-18.030. Currently, the pair is trading within the specified range, indicating a temporary uncertainty.GOLD, SILVER, WTI


• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 17.426-17.479. 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 03.02.2020.


• Quotation of the higher boundary of the zone 1/4–17.844.


• Quotation of the higher boundary of the zone 1/2–17.569.


• Intraday objectives: update the highs from 03.02.2020–18.119.


• Medium-term objectives: test the lower bound of WCZ–18.374.GOLD, SILVER, WTI


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


• Buy: 17.569-17.844, Take Profit 1–18.119, Take Profit 2–18.374




• WTI


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 52.963-53.362. At the moment, the WTI 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 53.034-53.365. At the moment, the WTI 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 03.02.2020.


• Quotation of the lower boundary of the zone 1/4–51.353.


• Quotation of the lower boundary of the zone 1/2–52.223.


• Intraday objectives: update the lows from 03.02.2020–50.473.


• Medium-term objectives: test the higher bound of GWCZ-49.703.GOLD, SILVER, WTI


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


• Sell: 51.353-52.223, Take Profit 1-50.473, Take Profit 2-49.703.


• WCZ (weekly control zone)


• GWCZ (golden weekly control zone)


• SWCZ (silver weekly control zone)

 

James Hoggarth
Analyst of FreshForex
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