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WTI, XAU/USD, XAG/USD Analysis 18.07.2018

WTI, XAU/USD, XAG/USD Analysis 18.07.2018

Precious metals prices broke out from middle-term supports. They are to consolidate below.

WTIWTI Oil price broke out of Target Zone 2 [67.45 – 67.13] yesterday. It hasn’t yet been consolidated. If the US session confirms the breakout today, the price will fall towards Target Zone 3 [64.20 – 63.88].

WTI Crude Oil H4 Chart

In oil 1H chart, we can see the short-term downtrend developing.

WTI price is now trading a little lower the strong support TZ2. If it is corrected towards the strong resistances and a pattern emerges, I recommend selling WTI with a target in Gold Zone [65.55 – 65.39].

The key resistance is at [68.09 – 67.93]; as long as is held by buyers, sells are not relevant.

WTI Crude Oil H1 Chart

Today’s trading tips for WTI:Sell according to the pattern in Intermediary Zone [68.09 – 67.93]. TakeProfit: 66.43, Gold Zone [65.55 – 65.39]. StopLoss: according to the pattern rules.

XAU/USDGold price broke out Target Zone 4 [1241.2 – 1238.1]. It will consolidate if the US session closes below the zone. If it is so, Target Zone 5 [1210.2 – 1207.1] is likely to be reached by the price. Then, we will look for sells at good prices.

XAU/USD H4 Chart

According to margin zones analysis, gold continues trading down in the short term. Now, gold quotes are trading below Target Zone [1234.9 – 1231.8], and the target is Gold Zone [1219.4 – 1217.9].

For today, I recommend looking for gold sells either in Additional Zone [1232.9 – 1232.1], or in Intermediary Zone [1241.4 – 1239.8]. We will fix a part of profits at the low renewal, and close all positions in GZ.

XAU/USD H1 Chart

Today’s trading tips for XAU/USD:

  • Sell according to the pattern in Additional Zone [1232.9 – 1232.1]. TakeProfit: 1224.9, Gold Zone [1219.4 – 1217.9]. StopLoss: according to the pattern rules.
  • Sell according to the pattern in Intermediary Zone [1241.4 – 1239.8]. TakeProfit: 1224.9, Gold Zone [1219.4 – 1217.9]. StopLoss: according to the pattern rules.
  • XAG/USDSilver sellers broke out Target Zone 2 [15.83 – 15.75]. If they consolidate below the zone, the next target in the downtrend will be in Target Zone 3 [15.11 – 15.03].

    XAG/USD H4 Chart

    In silver 1H time frame, it is clear that silver price reached Gold Zone 2 [15.47 – 15.43]. This zone is the strong support, so, I recommend closing most of sales at the current prices.

    XAG/USD quotes will continue falling if the US session closes below 15.43. If so, the target will be Target Zone 3 [15.11 – 15.03].

    I recommend selling on the correction, provided there is a pattern. THE strong resistances are now Additional Zone [15.65 – 15.63] and Intermediary Zone [15.83 – 15.81].

    XAG/USD H1 Chart

    Today’s trading tips for XAG/USD:

  • Sell according to the pattern in Additional Zone [15.65 – 15.63]. TakeProfit: Gold Zone [15.47 – 15.43]. StopLoss: according to the pattern rules.
  • Sell according to the pattern in Intermediary Zone [15.83 – 15.81]. TakeProfit: Gold Zone [15.47 – 15.43]. 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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    Write your questions and comments below. I will be pleased to answer and explain.

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