empty
14.10.2020 01:51 AM
Gold & Silver - H4. Comprehensive Analysis of APLs & ZUP traffic options from October 13, 2020

Operational Scale Minute (H4 time frame)

Local US Dollar victory in the battle for metal? Review of options for the movement of Gold & Silver from 13 October 2020.

____________________

Spot Gold

The movement of the Spot Gold from October 13 2020 was caused by the breakdown development and the direction of the breakout of the channel borders 1/2 Median Line (1888.00 - 1903.00 - 1917.00) of the Minuette Operational Scale Fork.

Joint breakdown the lower boundary of the 1/2 Median Line channel of the pitchfork of the Minute operating scale - the support level of 1888.00 and the upper boundary of the 1/2 ML Minuette ( 1885.00 ) channel will make the development of the Spot Gold movement within the boundaries of the 1/2 Median Line channel ( 1885.00 - 1872.00 - 1859.00 ) and the zone relevant equilibrium ( 1852.00 - 1828.00 - 1805.00 ) pitchfork operating scale Minuette.

A breakdown of the upper border of the channel 1/2 Median Line Minute - the resistance level of 1917.00 - will direct the development of the Spot Gold movement to the borders of the equilibrium zone (1923.00 - 1940.00 - 1955.00) of the Minuette Operational Scale Fork.

This image is no longer relevant

____________________

Spot Silver

From October 13, 2020, the Spot Silver movement will develop depending on the development and direction of the range breakout:

  • Resistance level 24.500 at the border of the red zone of the pitchfork Minuette Operational Scale
  • Support level 23.800 on the starting line of the SSL pitchfork Minute

In the event of a breakout of the initial SSL line of the operating scale pitchfork - support level 23.800 - the downward movement of Spot Silver may continue to the boundaries of the 1/2 Median Line channel ( 23.380 - 22.700 - 22.050 ) and the equilibrium zone ( 22.050 - 21.050 - 20.050 ) of the operational scale pitchfork Minuette.

Sequential breakdown of the border red zone fork operational scale Minuette - resistance 24.500 - and the initial line SSL Minuette (25.050), and then updating the local maximum 25.515 will make the actual continuation of the upward movement of Spot Silver to the borders of the channel 1/2 Median Line (26.500 - 27.700 - 28.950) fork operational scale Minute.

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. April 10. Trump Continues to Shake the Markets

On Wednesday, the EUR/USD pair made two rebounds from the resistance zone of 1.1081–1.1095, turned in favor of the U.S. dollar, and declined toward the support zone of 1.0944–1.0957

Samir Klishi 12:19 2025-04-10 UTC+2

Forecast for GBP/USD on April 10, 2025

On the hourly chart, the GBP/USD pair rebounded from the 1.2865 level on Wednesday, experienced a slight decline, and today returned to that same level. Another rebound from this level

Samir Klishi 12:12 2025-04-10 UTC+2

Forex forecast 10/04/2025: EUR/USD, SP500, NASDAQ, Dow Jones, USDX 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 11:35 2025-04-10 UTC+2

Technical Analysis of Intraday Price Movement of Nasdaq 100 Index, Thursday April 10, 2025.

From what is visible on the 4-hour chart of the Nasdaq 100 index, although there is currently a strengthening in #NDX, this is confirmed by its price movement moving above

Arief Makmur 10:14 2025-04-10 UTC+2

Technical Analysis of Daily Price Movement of USD/IDR Exotic Currency Pairs, Thursday April 10, 2025.

On the daily chart, the exotic currency pair USD/IDR appears to have a fairly strong Bullish bias, which is indicated by its price movement moving above its EMA (21)

Arief Makmur 10:14 2025-04-10 UTC+2

USD/JPY: Slowing Inflation in the U.S. Could Pressure the Pair

The Japanese yen fell significantly the day before on unexpected news of a 90-day pause in trade wars. This development supported the dollar, but whether its growth will continue remains

Pati Gani 09:56 2025-04-10 UTC+2

EUR/USD Forecast for April 10, 2025

Yesterday, U.S. President Donald Trump lowered tariffs to 10% for 90 days for countries that did not retaliate to the initial U.S. tariffs (more than 75 in total). Meanwhile, tariffs

Laurie Bailey 05:08 2025-04-10 UTC+2

GBP/USD Forecast for April 10, 2025

On Wednesday, the British pound fully worked through the target range of 1.2816/47, but as expected, it failed to consolidate above that range, instead entering a consolidation phase around this

Laurie Bailey 05:08 2025-04-10 UTC+2

USD/JPY Forecast for April 10, 2025

Yesterday's heightened volatility in USD/JPY failed to change the bearish sentiment—the candle body never closed above the balance line. This morning's decline nearly engulfed yesterday's white candle. The price

Laurie Bailey 05:08 2025-04-10 UTC+2

S&P 500 Forecast for April 10, 2025

The U.S. stock index, the S&P 500, posted one of the largest single-day gains in its history yesterday. It fell just a few points short of the target level

Laurie Bailey 05:08 2025-04-10 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.