Gold buyers consolidated above Target Zone 2 [1225.3 – 1222.2]. The next target in the uptrend is Target Zone 3 [1262.6 – 1259.2]


The U.S. session closed below Target Zone 3 [67.49 – 67.18] for the second time yesterday. It means that the next target in the downtrend is TZ 4 [64.39 – 64.08]. Look for sales according to the pattern during the price correction.

It is clear from the chart with additional margin zones that the key resistance zone worked out[67.47 – 67.31] yesterday. The first target around the low of October 23 is very close; I recommend holding on sales at the breakeven.

As for new trades, I suggest looking for them either after the low is broken through or if IZ is broken out from below.

If IZ is broken out, the trend will reverse upwards and it will be relevant to sell.

WTI trading tips for today:

Don’t exit sell trades in Intermediary Zone [67.47 – 67.31]. TakeProfit: 65.80, Target Zone 4 [64.39 – 64.08]. StopLoss: at break even.


Gold buyers consolidated above Target Zone 2 [1225.3 – 1222.2]. The next growth target is Target Zone 3 [1262.6 – 1259.2]. I recommend looking for purchases in the key support zone [1205.8 – 1202.4].

In the shorter timeframe, there are clear tries to break through Gold Zone [1233.0 – 1231.3]. They are still failed.

However, the short-term trend remains upward and it still relevant to buy. The most important is to discover the corresponding signal, providing a good Reward/Risk ratio.

I don’t see such a signal in Additional Zone [1231.3 – 1230.4]; there may be an opportunity to buy in Intermediary Zone [1222.8 – 1221.1].

XAUUSD trading tips for today:

Buy according to the pattern in Intermediary Zone [1222.8 – 1221.1]. TakeProfit: 1239.6, Target Zone 2 [1251.7 – 1248.3]. StopLoss: according to the pattern rules.


Silver traders are trying to break through the key resistance of the middle-term downtrend and reverse the trend. They haven’t yet succeeded. The zone will be broken out if two U.S. sessions close above level 14.68. Until it happens, it is still relevant to sell.

The local trend is upward. Yesterday, there was an opportunity to open purchases – silver price tested 50% Fibonacci retracement level.

If StopLoss works out, I suggest you should carefully monitor Intermediary Zone [14.63 – 14.59] test. The zone breakout and the trend reversal will be possible in this situation.

XAGUSD trading tips for today:

Hold on purchases according to the pattern in Intermediary Zone [14.63 – 14.59]. TakeProfit: 14.84, Target Zone [15.03 – 14.95]. StopLoss: according to the pattern rules.


IZ - Intermediary Zone: responsible for the price momentum reversing.

TZ - Target Zone: a zone that is 75% likely to be reached after IZ breakout.

GZ - Gold Zone: zone in the medium-term momentum.

All zones are calculated based on the average daily price of the instrument and margin requirements of the futures.

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Price chart of XAUUSD in real time mode

Analysis for oil, gold and silver for 10/25/2018

The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteForex. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.

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