XAUUSD, XAGUSD, WTI Analysis For October 11, 2018

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There is an opportunity to trade gold in the correction, but the short-term downtrend continues

WTI
Oil price broke out the key support at [73.69 – 73.38]. The middle-term uptrend may reverse. If the U.S. session closes below the zone today, I suggest selling WTI with a target in Target Zone 2 [70.59 – 70.28].

XAUUSD, XAGUSD, WTI Analysis For October 11, 2018

The short-term trend is downward. Yesterday, there was a perfect opportunity to enter a trade according to 1-2-3 pattern. Finally, the local low was broken through and Gold Zone [72.14 – 71.98] was reached. All sell targets have been achieved.
For today, I suggest expecting a correction and looking for new opportunities to add to your sell trades. Strong resistance are currently Additional Zone [72.52 – 72.44] and Intermediary Zone [73.37 – 73.21]. The target will be today’s low.

XAUUSD, XAGUSD, WTI Analysis For October 11, 2018

WTI trading tips for today:

  1. Sell according to the pattern in Additional Zone [72.52 – 72.44]. TakeProfit: 72.74, Target Zone 2 [70.59 – 70.28]. StopLoss: according to the pattern rules.
  2. Sell according to the pattern in Intermediary Zone [73.37 – 73.21]. TakeProfit: 774, Target Zone 2 [70.59 – 70.28]. StopLoss: according to the pattern rules.

XAU/USD
Gold uptrend continues until Target Zone [1183.3 – 1180.2] is broken through.

XAUUSD, XAGUSD, WTI Analysis For October 11, 2018

Gold is trading down in the short-term; however, Additional Zone [1191.8 – 1191.0] was broken out with consolidation above. It provides an opportunity to trade up in the correction with a target in Intermediary Zone [1200.4 – 1198.8].
I recommend buying aggressively in the broken out AZ and in the new correctional one, at [1187.4 – 1186.6].
If IZ is reached, at first, it will be relevant to look for sales in the current trend.

XAUUSD, XAGUSD, WTI Analysis For October 11, 2018

XAUUSD trading tips for today:

  1. Aggressive: buy in AZ [1198 – 1191.0] + buy in the correction AZ [1187.4 – 1186.6]. TakeProfit: Intermediary Zone [1200.4 – 1198.8]. StopLoss: 1185.0.
  2. Sell according to the pattern in Intermediary Zone [1200.4 – 1198.8]. TakeProfit: 1183.5, Target Zone [1177.3 – 1174.2]. StopLoss: according to the pattern rules.

XAG/USD
Silver price is drawing a sell pattern in the long-term trend. Sellers are trying to break through level [14.39 – 14.31]. Expect the breakout and look for sell trades.

XAUUSD, XAGUSD, WTI Analysis For October 11, 2018

Silver price is slowly but steadily approaching sell target, Target Zone [14.19 – 14.11]. Yesterday, the local lows of October 8-9 were broken through, so, the resistances should be rearranged.
Now, Additional Zone is at [14.43 – 14.41], and Intermediary Zone is at [14.63 – 14.59]. If these resistances are tested, I suggest you look for sales in the trend according to the pattern.
If AZ is broken out from below, there will be an opportunity to buy.

XAUUSD, XAGUSD, WTI Analysis For October 11, 2018

XAG/USD trading tips for today:

  1. Sell according to the pattern in Additional Zone [14.43 – 14.41]. TakeProfit: 14.25, Target Zone [14.19 – 14.11]. StopLoss: according to the pattern rules.
  2. Sell according to the pattern in Intermediary Zone [14.63 – 14.59]. TakeProfit: 14.25, Target Zone [14.19 – 14.11]. StopLoss: according to the pattern rules.

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