GOLD, SILVER, WTI | 28 August 2020

• GOLD

• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1935.88-1942.52. Currently, the GOLD is trading within the specified range, indicating a temporary uncertainty.

• Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1934.88-1939.54. At the moment, the GOLD 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 21.08.2020.

• Quotation of the lower boundary of the zone 1/4–1932.30.

• Quotation of the lower boundary of the zone 1/2–1955.50.

• Intraday objectives: update the lows from 21.8.2020–1909.00.

• Medium-term objectives: test the lower bound of GWCZ–1877.50.

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

• Sell: 1932.30-1955.50, Take Profit 1–1909.00, Take Profit 2–1877.50.

• SILVER

• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 26.428-26.835. Currently, the SILVER is trading within the specified range, indicating a temporary uncertainty.

• Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 26.971-27.095. 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 21.08.2020.

• Quotation of the higher boundary of the zone 1/4–26.665.

• Quotation of the higher boundary of the zone 1/2–27.327.

• Intraday objectives: update the lows from 21.08.2020–26.002.

• Medium-term objectives: test the higher bound of WCZ–25.862.

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

• Sell: 26.665-27.327, Take Profit 1–26.002, Take Profit 2–25.862.

• WTI

• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 42.648-42.911. Currently, the WTI is trading within the specified range, indicating a temporary uncertainty.

• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 40.357-40.590. 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 05.08.2020.

• Quotation of the higher boundary of the zone 1/4–42.172.

• Quotation of the higher boundary of the zone 1/2–40.622.

• Intraday objectives: update the highs from 05.08.2020–43.722.

• Medium-term objectives: test the higher bound of GWCZ-45.002.

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

• Buy: 40.622-42.172, Take Profit 1-43.722, Take Profit 2-45.002.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)