empty
11.08.2020 12:05 PM
Comprehensive analysis of movement options for Gold & Silver (H4) on August 11, 2020

Minute operational scale (H4)

Is the dollar winning the battle with metals? Review of options for the movement of Gold & Silver since August 11, 2020.

____________________

Spot Gold

The development of the Spot Gold movement from August 11, 2020 will depend on the development and direction of the breakdown of the boundaries of the equilibrium zone (2025.00 - 2005.50 - 1990.00) of the Minuette operational scale fork - the movement markings inside this equilibrium zone are shown on the animated chart.

A breakout of the lower border ISL61.8 equilibrium zone of the Minuette operational scale fork - support level of 1990.00 - will make it relevant for Spot Gold to reach the equilibrium zone boundaries (1978.28 - 1948.00 - 1916.00) of the Minute operational scale fork.

In case of a breakdown of the top border ISL38.2 equilibrium zone of the Minuette operational scale fork - resistance level of 2025.00 - upward movement of Spot Gold can be resumed to the borders of the channel 1/2 Median Line Minuette (2065.00 - 2074.75 - 2085.00).

Details of the Spot Gold movement since August 11, 2020 can be seen on the animated chart.

This image is no longer relevant

____________________

Spot Silver

The development of the Spot Silver movement from August 11, 2020 will be due to the development and direction of the breakdown of the boundaries of the 1/2 Median Line channel (28.300 - 28.000 - 27.700) of the Minuette operational scale fork - details of movement inside this channel are shown on the animated graph.

A breakdown of the support level of 27.700 at the lower boundary of the 1/2 Median Line Minuette channel will make it possible for Spot Silver to reach the boundaries of the equilibrium zones of the operational scale forks - Minute (27.350 - 26.550 - 25.750) and Minuette (26.550 - 26.000 - 25.300).

In case of a breakdown of the resistance level of 24.750 at the upper border of ISL38.2 of the equilibrium zone of the Minute operational scale fork, the upward movement of Spot Silver can be continued to the borders of the 1/2 Median Line Minute channel (25.150 - 25.550 - 26.010) with the prospect of a maximum update of 26.150.

Details of the Spot Silver movement options from August 11, 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

Technical Analysis of Intraday Price Movement of EUR/JPY Cross Currency Pairs, Tuesday April 15, 2025.

With the appearance of Divergence between the price movement of the EUR/JPY cross currency pair with the Stochastic Oscillator indicator also followed by the presence of the Bullish 123 pattern

Arief Makmur 07:13 2025-04-15 UTC+2

Technical Analysis of Intraday Price Movement of GBP/AUD Cross Currency Pairs, Tuesday April 15, 2025.

On the 4-hour chart, the GBP/AUD cross currency pair appears to be moving below its EMA (21) and the Stochastic Oscillator indicator is in a Crossing SELL condition

Arief Makmur 07:13 2025-04-15 UTC+2

Trading Signals for GOLD (XAU/USD) for April 14-17, 2024: sell below $3,224 (+1/8 Murray - 21 SMA)

Our trading plan for the coming hours is to sell gold below 3,224, with targets at 3,203 and 3,156. We should be alert to any technical rebound, as the outlook

Dimitrios Zappas 15:59 2025-04-14 UTC+2

Forecast for EUR/USD on April 14, 2025

On Friday, the EUR/USD pair continued to rise but pulled back in the second half of the day. The decline (i.e., dollar strengthening) was short-lived

Samir Klishi 12:28 2025-04-14 UTC+2

Forecast for GBP/USD on April 14, 2025

On the hourly chart, the GBP/USD pair continued its upward movement on Friday and today is on track to reach the 1.3151 level. A bounce from this level will favor

Samir Klishi 12:25 2025-04-14 UTC+2

Technical Analysis of Intraday Price Movement of Crude Oil Commodity Instrument, Monday April 24, 2025.

On the 4-hour chart of the Crude Oil commodity instrument, the Inverted Head & Shoulders pattern and Bullish Pattern 123 and Divergence between the #CL price movement and the Stochastic

Arief Makmur 07:19 2025-04-14 UTC+2

Technical Analysis of Intraday Price Movement of Palladium vs USD Commodity Instrument, Monday April 24, 2025.

With the appearance of Divergence from the Stochastic Oscillator indicator with the XPD/USD price movement on its 4-hour chart and the appearance of a Bullish 123 pattern followed

Arief Makmur 07:19 2025-04-14 UTC+2

#SPX – Summary and Outlook

Last week, even though there was a bearish gap, bullish players were able to reclaim their ground effectively. The market is now approaching the point where it may eliminate

Evangelos Poulakis 00:58 2025-04-14 UTC+2

Trading Signals for EUR/USD for April 11-15, 2025: sell below 1.1470 (+2/8 Murray - overbought)

During the European session, the euro reached a new high around +2/8 Murray, located at 1.1473. This movement in EUR/USD occurred after the announcement by China's Ministry of Finance that

Dimitrios Zappas 16:44 2025-04-11 UTC+2

Trading Signals for GOLD (XAU/USD) for April 11-13, 2025: sell below $3,235 (+1/8 Murray - overbought)

Early in the American session, gold is undergoing a strong technical correction after reaching a new high around 3,237.69 for now. Economic data from the United States will be released

Dimitrios Zappas 16:04 2025-04-11 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.