Minute operational scale (H4)

Last 10 days of the month - an overview of the movement options for our main precious metals Gold & Silver from July 22, 2020.

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Spot Gold

The development of the Spot Gold movement from July 22, 2020 will depend on the development and direction of the breakdown of the boundaries of the 1/2 Median Line channel (1833.00 - 1827.00 - 1822.00) of the Minuette operational scale fork - the markup of the movement within this channel is shown on the animated chart.

When the lower border of the channel is broken 1/2 Median Line Minuette - support level 1822.00 - the downward movement of Spot Gold can be continued to the goals:

• initial SSL line (1815.00) of the Minuette operational scale fork;
• initial SSL line (1810.00) of the Minute operational scale fork;
• LTL Minuette control line (1805.00);
• with the prospect of updating the local minimum 1795.50 and reaching the boundaries of the channel 1/2 Median Line Minute (1788.00 - 1775.00 - 1761.00).

If the upper limit of the channel is broken 1/2 Median Line Minuette - resistance level 1833.00 - Spot Gold movement will be directed to the boundaries of the equilibrium zone (1840.00 - 1850.00 - 1860.00) of the Minuette operational scale fork.

Details of the Spot Gold movement since July 22, 2020 can be seen on the animated chart.

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Spot Silver

The development of the Spot Silver movement from July 22, 2020 will be determined by the development and direction of the breakdown of the range:

• resistance level of 20.803 - the lower limit of ISL38.2 balance zone of the Minuette operational scale fork;
• support level of 20.450 - upper limit of the channel 1/2 Median Line of the Minute operational scale fork.

A breakdown of the support level of 20.450 will determine the development of the Spot Silver movement in the 1/2 Median Line Minute channel (20.450 - 20.300 - 20.100), and if there will be a breakdown of the lower limit (20.100) of this channel, then the downward movement of this instrument can be continued to the goals:

• initial SSL line (19.900) of the Minuette operational scale fork;
• initial line SSL Minute (19.500);
• LTL Minuette control line (18.850);
• with the prospect of reaching the upper limit of ISL38.2 (18.450) equilibrium zone of the Minute operational scale fork.

If the resistance level 20.803 (ISL38.2 Minuette) is broken, the Spot Silver movement may continue inside the equilibrium zone (20.803 - 201.200 - 21.500) of the Minuette operational scale fork with the ability to reach the warning line UWL161.8 (21.900) of the Minute operational scale fork.

Details of the Spot Silver movement options from July 22, 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).