Weekly analytics- Analysis of margin levels – GOLD, SILVER, WTI

• XAUUSD

• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1930.00-1940.00. At the moment, the GOLD is trading higher, indicating the strength of buyers.

• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1975.00-1985.00. 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 20.10.2023.

• Quotation of the higher boundary of the zone 1/4–1989.81.

• Quotation of the higher boundary of the zone 1/2–1970.31.

• Intraday objectives: update the highs from 20.10.2023–2009.31.

• Medium-term objectives: test the lower bound of SWCZ–2047.11.

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

• Buy: 1970.31–1989.81, Take Profit 1–2009.31, Take Profit 2–2047.11.


• 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. 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 and 22.800-22.900. At the moment, the SILVER is trading higher, indicating the weakness 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 26.10.2023.

• Quotation of the lower boundary of the zone 1/4–22.829.

• Quotation of the lower boundary of the zone 1/2–23.229.

• Intraday objectives: update the lows from 26.10.2023–22.429.

• Medium-term objectives: test the higher bound of WCZ–22.144.

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

• Sell: 22.829-23.229, Take Profit 1–22.429, Take Profit 2–22.144.


• WTI

• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 82.900-83.700. Currently, the WTI 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 83.250-83.600. At the moment, the WTI is trading higher, indicating the weakness 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 25.10.2023.

• Quotation of the lower boundary of the zone 1/4–83.320.

• Quotation of the lower boundary of the zone 1/2–84.970.

• Intraday objectives: update the highs from 25.10.2023–81.670.

• Medium-term objectives: test the higher bound of GWCZ-79.540.

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

• Sell: 83.320–84.970, Take Profit 1–81.670, Take Profit 2–79.540.

 

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)