Minuette operational scale (H4)

Against the backdrop of oil battles, the battle for metal continues anyway. Review of the development of the Gold and Silver movement against the dollar index #USDX on April 22, 2020

____________________

US dollar index

The movement of the dollar index #USDX from April 22, 2020 will continue depending on the development and direction of the breakdown of the boundaries of the channel 1/2 Median Line (100.00-100.25-100.55) of the Minuette operational scale forks - we look at the motion graphics inside this channel on the animated chart.

A breakdown of the support level of 100.00 at the lower border of the channel 1/2 Median Line Minuette followed by a breakdown of the initial SSL line (99.80) of the Minuette operational scale forks will confirm the further development of the movement #USDX to the goals:

• ultimate Shiff Line Minuette (99.30);
• LTL Minuette control line (99.10);
• minimum (98.82-98.27).

A breakdown of the resistance level of 100.55 on the upper boundary of the 1/2 channel Median Line Minuette is an option to continue the upward movement of the dollar index to the equilibrium zone (101.00-101.45-101.80) of the Minuette operational scale forks.

The layout of the #USDX movement options from April 22, 2020 is shown on the animated chart.

____________________

Spot Silver

From April 22, 2020, the development of Spot Silver movement will continue in the equilibrium zone (13.750-14.650-15.450) of the Minuette operational scale forks taking into account the working out of the borders of the equilibrium zone (14.650-14.880-15.120) of the Minuette operational scale forks - marking the working out of the above border levels, these equilibrium zones are presented on the animated chart.

A breakout of the lower border of the ISL38.2 equilibrium zone of the Minuette operational scale forks - the support level of 13.750 - will determine the further development of the movement of Spot Silver in the channel 1/2 Median Line Minute (13.750-13.000-12.200).

In case of a breakdown of the top border ISL61.8 equilibrium zone of the Minuette operational scale forks - resistance level of 15.540 - the movement of Spot Silver will continue to the channel 1/2 Median Line (15.370-15.550 - 15.700) of the Minuette operational scale forks with the subsequent prospect of reaching the goals of this tool:

• initial line SSL Minuette (15.850);
• control line UTL Minuette (16.250);
• warning line UWL61.8 Minuette (16.450).

Details of the Spot Silver movement options from April 22, 2020 are shown in the animated chart.

____________________

Spot Gold

The development and direction of the breakdown of the boundaries of the equilibrium zone (1654.00-1674.00-1694.00) of the Minuette operational scale forks will determine the further development of the Spot Gold movement from April 22, 2020 - the marking of the movement in the equilibrium zone is shown on the animated chart.

A breakout of the lower border ISL61.8 equilibrium zone of the Minuette operational scale forks - support level of 1654.00 - will direct Spot Gold to the equilibrium zone (1640.00-1610.00-1580.00) of the Minuette operational scale forks.

If a breakdown of the upper boundary of the ISL38.2 equilibrium zone of the Minuette operational scale forks takes place - resistance level of 1694.00 - it will be relevant to continue the development of the upward movement of Spot Gold to the borders of the 1/2 Median Line Minuette channel (1730.00-1743.00-1757.00).

Details of the Spot Gold movement since April 22, 2020 can be seen on the animated chart.

____________________

The review is compiled without taking into account the news background, the opening of trading sessions of the main financial centers and is not a guide to action (placing "sell" or "buy" orders).