empty
03.06.2020 02:14 AM
Comprehensive analysis of movement options for Gold, Palladium, Platinum, and Silver (H4) on June 3, 2020

Minuette operational scale (H4)

The main precious metals Gold, Palladium, Platinum, and Silver - overview of movement options from June 3, 2020.

____________________

Spot Gold

The development of the Spot Gold movement from June 3, 2020 will be determined by the development and direction of the breakdown of the boundaries of the 1/2 Median Line channel (1729.00-1739.00-1749.00) of the Minuette operational scale fork - details of working out these levels are shown on the animated chart.

A breakout of the lower border of the channel 1/2 Median Line of the Minuette operational scale fork - support level 1729.00 - development option for the Spot Gold downward movement towards the goals:

  • initial line SSL Minuette (1714.00);
  • LTL Minuette control line (1700.00);
  • local minimum 1692.88.
  • with the prospect of reaching the boundaries of the 1/2 Median Line channel (1680.00-1650.00-1622.00) of the Minuette operational scale fork.

In case of breaking the upper border of the channel 1/2 Median Line Minuette - resistance level of 1749.00 - the development of this tool will continue in the zone of equilibrium (1749.00-1762.00-1775.00) of the Minuette operational scale fork of the achievement of the line of control UTL (1780.00) of the Minuette operational scale fork and end line FSL Minuette (1818.00).

Details of the Spot Gold movement from June 3, 2020 can be seen on the animated chart.

This image is no longer relevant

____________________

#PAF (Palladium) Current Month

From June 03, 2020, the #PAF (Palladium) movement will be determined by working out and the direction of the breakdown of the boundaries of the equilibrium zone (1985.00-2035.00-1085.00) of the Minuette operational scale fork - see the animated chart for details of the movement in this equilibrium zone.

The breakdown of the top border ILS38.2 equilibrium zone of the Minuette operational scale fork- resistance level 2085.00 - the upward movement of #PAF can be continued to the goals:

  • local maximum 2170.00.
  • SSL Minuette starting line (2240.00);
  • lower limit of the channel 1/2 Median Line (2295.00) of the Minuette operational scale fork.

If the support level of 1985.00 breaks at the lower border of ISL61.8 of the balance zone of the Minuette operational scale forks, the downward movement of the Palladium Current Month can be continued towards the goals:

  • LTL control line (1940.00) of the Minuette operational scale forks;
  • ultimate line FSL Minuette (1840.00);
  • with the prospect of reaching the warning line LWL38.2 Minuette (1775.00) and the local minimum 1732.00.

The markup of #PAF (Palladium) motion options from June 3, 2020 is shown on the animated chart.

This image is no longer relevant

____________________

#PLF (Platinum) Current Month

The development of the #PLF (Platinum) movement from June 3, 2020 will be determined by the development and direction of the breakdown of the range:

  • resistance level 895.0 at the lower border of the channel 1/2 Median Line of the Minuette operational scale fork;
  • support level 875.0 on the initial line of the SSL of the Minuette operational scale fork.

In the event of a breakdown of the initial SSL line of the Minuette operational scale fork - support level 875.0 - there may be a development of a downward movement #PLF to the LTL Minuette control line (862.0) and the boundaries of the equilibrium zone (850.0-822.0-792.0) balance zones of the Minuette operational scale fork with the possibility of updating the local minimum 757.5.

With the breakdown of the resistance level of 895.0, the development of the Platinum Current Month movement will continue in the channel 1/2 Median Line (895.0-911.0-929.0) of the Minuette operational scale fork with the prospect of reaching the borders of the equilibrium zone (942.5-966.0-988.0) of the Minuette operational scale fork.

Details of the #PLF (Platinum) movement options from June 3, 2020 are shown in the animated chart.

This image is no longer relevant

____________________

Spot Silver

The development of the Spot Silver movement from May 27, 2020 will also be determined by the development and direction of the breakdown of the range:

  • resistance level 18.600 - warning line UWL61.8 of the Minuette operational scale fork;
  • support level 18.200 - UTL control line of the Minuette operational scale fork.

The breakdown of the UTL control line of the Minuette operational scale fork - support level of 18.200 - will determine the development of the downward movement Silver Spot can be directed to the goals:

  • SSL Minuette starting line (17.750);
  • channel 1/2 Median Line Minuette (17.500-17.250-17.000);
  • with the prospect of reaching the equilibrium zone (16.700-16.350-16.000) of the Minuette operational scale fork.

If the resistance level 18.600 is broken on the warning line UWL61.8 of the Minuette operational scale fork, the upward movement of Spot Silver will be directed to the warning lines UWL100.0 Minuette (19.150) and UWL161.8 Minuette (20.000).

Details of the Spot Silver movement options from June 3, 2020 are shown in the animated chart.

This image is no longer relevant

____________________

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).

Ratu Taslim,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

EUR/USD: March 14th. Bears Make Weak Attempts

On Thursday, the EUR/USD pair continued its decline and consolidated below the 200.0% corrective level at 1.0857. This suggests that the downward movement could extend toward the next support zone

Samir Klishi 14:29 2025-03-14 UTC+2

GBP/USD: March 14th. UK Economic Data Fails to Impress

On the hourly chart, GBP/USD retraced to 1.2931 on Thursday, where bearish momentum faded. Another test of this level occurred today, but overall, the pound has been moving sideways over

Samir Klishi 11:06 2025-03-14 UTC+2

Forex forecast 14/03/2025: EUR/USD, GBP/USD, USD/JPY, Gold and Bitcoin

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful

Sebastian Seliga 09:51 2025-03-14 UTC+2

EUR/USD and GBP/USD March 14 – Technical Analysis

As the week comes to a close, bullish players have tested the upper boundaries of the Ichimoku clouds, with the monthly level at 1.0943 and the weekly level at 1.0948

Evangelos Poulakis 07:22 2025-03-14 UTC+2

EUR/USD Forecast for March 14, 2025

The euro has been declining for the third consecutive day, starting from Friday's drop, as it seeks support for consolidation or correction. During this correction, a pullback could extend down

Laurie Bailey 03:53 2025-03-14 UTC+2

GBP/USD Forecast for March 14, 2025

On Wednesday, the British pound fell by 12 pips, causing the Marlin oscillator's signal line to drop below the support level of 0.0216. This raises the chances of the price

Laurie Bailey 03:53 2025-03-14 UTC+2

USD/JPY Forecast for March 14, 2025

The Marlin oscillator's signal line is rising within its ascending channel and is approaching the transition into positive territory. Signs of a deep correction are emerging, which could lead

Laurie Bailey 03:53 2025-03-14 UTC+2

Trading Signals for EUR/USD for March 13-15, 2025: sell below 1.0881 (+1/8 Murray - 21 SMA)

Early in the American session, the euro is trading around 1.0865, below the 21-month SMA, and below the 1/8 Murray level, showing signs of exhaustion. A technical correction is expected

Dimitrios Zappas 14:00 2025-03-13 UTC+2

Trading Signals for GOLD (XAU/USD) for March 13-15, 2025: sell below $2,950 (21 SMA - 8/8 Murray)

Early in the American session, gold is trading around 2946, close to the all-time high of 2,956 and above the 7/8 Murray level, albeit showing signs of exhaustion. A technical

Dimitrios Zappas 13:49 2025-03-13 UTC+2

EUR/USD. March 13th. Bulls Are Tired of Playing Along with Trump

On Wednesday, the EUR/USD pair continued a very weak decline after rebounding from the 1.0944 level. This morning, it reached the 200.0% corrective level at 1.0857. A rebound from this

Samir Klishi 11:18 2025-03-13 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.