Operational scale Minute (time frame h4)
And again, precious metals work out the ranges … – Overview of driving options Gold & Silver since May 6, 2021
Previous Review Gold & Silver in timeframe Daily from 15:30 2021-04-27 UTC + 3
From 06 May 2021 Spot Gold will continue to move depending on the development and direction of the range breakout:
resistance level 1788.00 on the lower border of the 1/2 Median Line Minuette;
support level 1780.00 on the SSL starting line of the Minuette operating scale pitchfork.
Breakout of the resistance level 1788.00 will make relevant movement development Spot Gold in channel 1/2 Median Line Minuette (1788.00 — 1795.50 — 1803.00), and if it takes place breakdown upper bound (1803.00) this channelthen it will be possible continued movement this instrument to the boundaries of the equilibrium zone (1810.50 — 1820.00 — 1830.50) forks of operational scale Minuette.
In case of breakdown Minuette Operational Scale SSL Fork Initial Line – support level 1780.00 — downward movement Spot Gold will be directed towards the goals:
– control line LTL Minuette (1768.00);
– the upper border of the 1/2 Median Line channel (1763.00) pitchfork of operational scale Minute;
— local minimum 1755.88;
— 1/2 Median Line Minute (1735.00).
Movement development Spot Silver from May 06, 2021 will continue on 1/2 Median Line (25.880 — 26.605 — 27.300) pitchfork of operational scale Minute taking into account the development and direction of the range breakdown:
- resistance level 26.605 на 1/2 Median Line Minute;
- support level 26.300 on the SSL starting line of the Minuette operating scale pitchfork.
Breakdown 1/2 Median Line Fork Operational Scale Minute – resistance level 26.605 — the option of continuing the development of the upward movement Spot Silver to the boundaries of the equilibrium zone (27.050 — 27.300 — 27.550) pitchfork of operational scale Minuette with the prospect of achieving final line FSL Minuette (28.300).
In case of breakdown Minuette Operational Scale SSL Fork Initial Line – support level 26.300 — downward movement Spot Silver can be continued to goals:
– SSL initial line (26.000) pitchfork of operational scale Minute;
– the lower border of the channel 1/2 Median Line Minute (25.880);
— local minimum`s 25.670 — 24.645;
– warning line LWL38.2 Minute (24.150).
Review compiled excluding the news background, opening of trading sessions of the main financial centers and is not a guide to action (placing “sell” or “buy” orders).