Minute operational scale (H4)
The remaining 6 days of June - which side will have the advantage in the battle of gold and silver metals? Overview of movement options from June 25, 2020
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Spot Gold
The development of the Spot Gold movement from June 25 2020 will be determined by the development and direction of the breakdown of the boundaries of the 1/2 Median Line channel (1765.00 - 1771.00 - 1777.00) of the Minuette operational scale fork - details of working out these levels are shown on the animated chart.
Breakdown of the lower border of the channel 1/2 Median Line of the Minuette operational scale fork - support level 1765.00 - option for the development of the downward movement Spot Gold to goals:
- initial SSL line (1758.00) of the Minuette operational scale fork;
- LTL control line (1747.00) of the Minuette operational scale fork;
- LTL control line (1722.00) of the Minuette operational scale fork.
If the upper border of the channel is broken 1/2 Median Line Minuette - resistance level 1777.00 - option to continue the development of the upward movement of Spot Gold to the goals:
- initial SSL line (1784.00) of the Minuette operational scale forks;
- ultimate Shiff Line Minuette (1798.00);
- channel 1/2 Median Line (1810.00 - 1831.00 - 1860.00) of the Minuette operational scale fork;
- equilibrium zone (1810.00 - 1818.00 - 1827.00) of the Minuette operational scale fork.
Details of the Spot Gold movement since June 25, 2020 can be seen on the animated chart.
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Spot Silver
The development of the Spot Silver movement from June 25, 2020 will be determined by the development and direction of the breakdown of the range:
- resistance level 17.980 - the initial line of SSL of the Minuette operational scale fork;
- support level 17.770 - upper bound of ISL38.2 balance zone of the Minuette operational scale fork.
The breakdown ISL38.2 Minute - support level 17.770 - will determine the development of Spot Silver movement within the boundaries of the equilibrium zones of the operational scale forks - Minute (17.770 - 17.450 - 17.100) and Minuette (17.370 - 17.200 - 17.000) with the prospect of updating the local minimum of 16.905.
The breakdown of the initial line SSL of the Minuette operational scale fork - resistance level 17.980 - with the subsequent update of the local maximum 18.030, the upward movement of Spot Silver can be continued to maximum 18.340 and the channel boundaries 1/2 Median Line (18.680 - 18.880 - 19.120) of the Minuette operational scale fork.
Details of the Spot Silver movement options from June 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).
