Metals are trading in the zones of good buy prices, according to margin zones
Look for more oil middle-term purchases with a target in Target Zone 2 [71.14 – 70.80]. Strong supports are in the price ranges of [67.69 – 67.35] and [65.74 – 65.40].
The short-term trend has slowed down after Gold Zone [69.24 – 69.07] was reached. Now, oil price is stuck between GZ and Additional Zone [68.33 – 68.24.
Look for new oil purchases according to the patetrns. If AZ is broken out, the correction is likely to develop towards Intermediary Zone [67.47 – 67.30].
WTI trading tips for today:
- Buy according to the pattern in Additional Zone [68.33 – 68.24]. TakeProfit: Gold Zone [69.24 – 69.07]. StopLoss: according to the pattern rules
- Buy according to the pattern in Intermediary Zone [67.47 – 67.30]. TakeProfit: Gold Zone [69.24 – 69.07]. StopLoss: according to the pattern rules
Gold price is being corrected in the middle-term uptrend, whose target is Target Zone 2 [1225.3 – 1222.2]. The correction can develop down to the zone of good buy prices [1194.3 – 1180.2].
The short-term trend is upward. Now, gold price is being corrected, providing an opportunity to buy gold at good prices.
Look for buys in Intermediary Zone [1198.8 – 1197.3] with the first target around yesterday’s high and the second one in Target Zone 2 [1225.3 – 1222.2].
We shall sell XAUUSD when the trend reverses downwards; it will occur if the price breaks out the key support IZ and is closed below.
XAUUSD trading tips for today:
Buy according to the pattern in Intermediary Zone [1198.8 – 1197.3]. TakeProfit: 1214.0, Target Zone 2 [1225.3 – 1222.2]. StopLoss: according to the pattern rules.
Silver is trading between the key resistance [15.08 – 15.00] and Target Zone 4 [14.39 – 14.31]. TZ 4 is the middle-term support. I recommend expecting the resistance test and look for primarily sell positions.
Silver is still trading up in the short term. Now, silver price is being corrected with a possible target to test Intermediary Zone [14.59 – 14.55].
According to margin zones, silver is trading in the zone of good buy prices. To buy, we need a pattern like false breakout, double bottom or 1-2-3. Expect the pattern and buy with a target to renew yesterday’s target and reach Target Zone [15.08 – 15.00].
XAGUSD trading tips for today:
- Buy according to the pattern in Additional Zone [14.69 – 14.67]. TakeProfit: 14.87, Target Zone [15.08 – 15.00]. StopLoss: according to the pattern rules.
- Buy according to the pattern in Intermediary Zone [14.51 – 14.47]. TakeProfit: 14.87, Target Zone [15.08 – 15.00]. 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
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