empty
20.10.2020 12:52 PM
Precious metals - Gold & Silver - h4. Comprehensive analysis of APLs & ZUP traffic options from October 20, 2020

Operational scale Minute (time frame h4 )

US Dollar remains on the offensive in the battle for the metals? - Review of options for the movement of Gold & Silver from October 20, 2020.

____________________

Spot Gold

The development of Spot Gold movement from October 20 2020 will be determined by the development and direction of the range breakdown:

  • resistance level 1908.00 on the initial line of SSL pitchfork of the Minute Operational Scale
  • support level 1900.00 at the lower border of the channel 1/2 Median Line Minute

Breakdown of the lower boundary of the 1/2 Median Line Minute channel - support level 1900.00 - a variant of the development of the downward movement of Spot Gold to the initial SSL Minuette line ( 1885.00 ) and the boundaries of the 1/2 Median Line Minuette channel ( 1875.00 - 1862.00 - 1848.00 ) with the prospect of the price reaching the instrument the control line LTL Minute ( 1841.00 ) and the upper limit of ISL38.2 ( 1817.00 ) of the balance zone of the pitchfork of the Minute Operational Scale.

In case of breakdown of the initial line of the SSL pitchfork of the Minute Operating Scale - resistance level 1908.00. The development of the Spot Gold movement will again begin to occur within the 1/2 Median Line Minute channel ( 1900.00 - 1918.00 - 1937.00 ), taking into account the working out of the local maximum 1932.77 and with the prospect of reaching another local maximum of 1973.00.

This image is no longer relevant

____________________

Spot Silver

Starting from October 20, 2020, Spot Silver will also develop its movement depending on the development and direction of the range breakdown:

  • resistance level 24.420 on the initial line of SSL pitchfork of the Minute Operational Scale
  • support level 24.100 on the starting line of the SSL pitchfork Minute at the lower border of the channel 1/2 Median Line Minute

In case of breakdown of the initial SSL pitchfork line of the Minute Operational Scale - support level 24.100 - the downward movement of Spot Silver may develop towards the following goals :

  • control line LTL ( 23.799 ) of the Minuette Operational Scale pitchfork
  • local minimum`s 23.525 - 22.823
  • Channel 1/2 Median Line ( 22.700 - 22.050 - 21.400 ) of the Minute Operational Scale

Upon breakout of the initial SSL Minuette line - resistance level 24.420 - the development of the Spot Silver movement will continue to the boundaries of the 1/2 Median Line Minuette channel ( 24.370 - 25.000 - 25.310 ) with the possibility of updating the local maximum 25.515 and reaching the lower boundary of ISL38.2 ( 25.900 ) of the Minuette Operational Scale pitchfork balance zone.

This image is no longer relevant

____________________

The review is made without taking into account the news background, opening of trading sessions of major 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

Forecast for EUR/USD on July 10, 2025

On Wednesday, the EUR/USD pair continued to move along a trajectory known only to itself. The 127.2% Fibonacci correction level at 1.1712 was once again ignored by traders. I still

Samir Klishi 12:21 2025-07-10 UTC+2

Forecast for GBP/USD on July 10, 2025

On the hourly chart, the GBP/USD pair continued its upward movement on Wednesday after rebounding from the 127.2% Fibonacci corrective level at 1.3527. The rebound was precise, leading

Samir Klishi 10:35 2025-07-10 UTC+2

GBP/JPY. Analysis, Forecast, and Current Market Situation

On Thursday, the GBP/JPY pair is regaining upward momentum and shows readiness for further growth. The formation of an ascending channel confirms the stability of the bullish trend. During

Irina Yanina 10:22 2025-07-10 UTC+2

If the resistance level of 0.7964 holds back its upward movement, USD/CHF has the potential to weaken on Thursday, July 10, 2025.

USD/CHF, Thursday, July 10, 2025 In addition to rumors of a planned Fed interest rate cut and falling US government bond yields, USD/CHF weakened today. Key Levels 1. Resistance

Arief Makmur 06:47 2025-07-10 UTC+2

Cable has the potential to test its Pivot and Support 1 levels in the near future, Thursday, July 10, 2025.

GBP/USD, Thursday, July 10, 2025. Rumors of the Fed's future dovish policy have created negative sentiment towards the USD, potentially helping the pound sterling strengthen again today. Key Levels

Arief Makmur 06:47 2025-07-10 UTC+2

EUR/USD Forecast for July 10, 2025

Markets continue to test risk-on strategies—yesterday, the S&P 500 rose by 0.61%, oil slipped by 0.22%, and the euro declined by just 4 points, which, given the low daily volatility

Laurie Bailey 06:14 2025-07-10 UTC+2

Trading Signals for GOLD (XAU/USD) for July 10-15, 2025: sell below $3,330 (21 SMA - 200 EMA)

If the bullish momentum prevails, we should buy gold above the 200 EMA located at 3,324. The outlook could be positive, with the price reaching 3,450 in the short term

Dimitrios Zappas 06:10 2025-07-10 UTC+2

Trading Signals for EUR/USD for July 10-15, 2025: sell below 1.1753 (200 EMA - +1/8 Murray)

Early in the European session, the euro is trading around 1.1737, above the 21 SMA and attempting to break the top of the downtrend channel formed since late June

Dimitrios Zappas 06:08 2025-07-10 UTC+2

GBP/USD Forecast for July 10, 2025

The British pound is slowly approaching the target resistance at 1.3635. A breakout above this level would open the way to the MACD line at 1.3705. This target is likely

Laurie Bailey 05:53 2025-07-10 UTC+2

AUD/USD Forecast for July 10, 2025

AUD/USDOn the daily chart, the Marlin oscillator continues its prolonged movement along the neutral zero line. As the price breaks through new local resistance or support levels, it encounters

Laurie Bailey 05:42 2025-07-10 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.