Minute operational scale (H4)

Battle for metal - US dollar on the offensive? Overview of the movement options for Gold & Silver on August 25, 2020.

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Spot Gold

Spot Gold movement from August 25, 2020 will be determined by the development and direction of the breakdown of the boundaries of the 1/2 Median Line channel (1950.00 - 1926.00 - 1902.00) of the Minuette operational scale forks - see the animated chart for details of the development of the specified levels of the 1/2ML Minuette channel.

The downward movement of Spot Gold can be continued in the event of a breakdown of the support level of 1902.00 at the lower border of the channel 1/2 Median Line Minuette and will be directed to the goals:

• local minimum 1864.00.
• FSL end line (1844.00) of the Minute operational scale forks.

In case of breakdown of the upper border of the 1/2 Median Line Minuette - resistance level of 1950.00 - Spot Gold movement will again begin to flow inside the equilibrium zone (1945.00 - 1978.00 - 2010.00) of the Minute operational scale forks with the prospect of reaching the equilibrium zone boundaries (2023.00 - 2053.00 - 2082.00) of the Minuette operational scale forks.

Details of the Spot Gold movement since August 25, 2020 can be seen on the animated chart.

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Spot Silver

The development of the Spot Silver movement will continue in the equilibrium zone from August 25, 2020 (27.700 - 26.870 - 26.100) of the Minute operational scale forks - details of this movement are shown on the animated chart.

The continuation of the development of the downward movement of Spot Silver will be caused by the breakdown of the support level of 26.100 at the lower border of ISL61.8 of the equilibrium zone of the Minute operational scale fork and will be directed to the boundaries of the 1/2 Median Line channel (25.350 - 24.650 - 23.950) of the Minuette operational scale fork.

In turn, in case of a breakdown of the top border ISL38.2 equilibrium zone of the Minute operational scale fork - resistance level of 27.700 - the continuation of the development of the upward movement of Spot Silver and the update of the local maximum 28.425 - 29.365 will become relevant.

Details of the Spot Silver movement options from August 25, 2020 are shown in the animated chart.

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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).