15.05.202008:38 Forex Analysis & Reviews: Fractal analysis of Gold, Silver, Oil and Natural Gas on May 15

Forecast for May 15:

Analytical review in H1 scale:

For Gold, the main key levels on the H1 scale are: 1755.21, 1748.45, 1739.99, 1736.07, 1728.82, 1724.03 and 1714.34. Here, we are following the development of the local ascending structure of May 11. The continuation of the upward movement is expected after the price passes the noise range of 1736.07 - 1739.99. In this case, the target is 1748.45 and price consolidation is near this level. For the potential value for the top, we consider the level 1755.21. Upon reaching which, we expect a downward pullback.

A short-term downward movement is possible in the range of 1728.82 - 1724.03. The breakdown of the last level will lead to an in-depth correction. In this case, the target is 1714.34. This level is a key support for the top.

The main trend is the local ascending structure of May 11

Trading recommendations:

Buy: 1740.00 Take profit: 1748.00

Buy: 1749.50 Take profit: 1755.00

Sell: 1728.50 Take profit: 1724.50

Sell: 1723.00 Take profit: 1715.00

For Oil, the main key levels on the H1 scale are: 32.56, 31.18, 29.31, 28.56, 27.20, 26.39 and 25.43. Here, we are following the development of the local ascending structure of May 7. Short-term upward movement is expected in the range of 28.56 - 29.31. The breakdown of the last level will lead to a pronounced upward movement. Here, the target is 30.45. Price consolidation is in the range of 30.45 - 31.18. For the potential value for the top, we consider the level of 32.56. Upon reaching which, we expect a downward pullback.

A short-term downward movement is possible in the range of 27.20 - 26.39. The breakdown of the last level will lead to an in-depth correction. Here, the goal is 25.43. This level is a key support for the top.

The main trend is the local ascending structure of May 7

Trading recommendations:

Buy: 28.56 Take profit: 29.30

Buy: 29.50 Take profit: 30.45

Sell: 27.20 Take profit: 26.43

Sell: 26.35 Take profit: 25.45

For Silver, the main key levels on the H1 scale are: 16.86, 16.52, 16.36, 15.94, 15.81 and 15.64. Here, we are following the ascending structure of May 5. At the moment, we expect to reach the level of 16.36. Short-term upward movement, as well as consolidation is in the range of 16.36 - 16.52. For the potential value for the top, we consider the level of 16.86. The movement to which is expected after the breakdown of the level of 16.52.

A short-term downward movement is possible in the range of 15.94 - 15.81. The breakdown of the last level will lead to an in-depth correction. Here, the target is 15.64. This level is a key support for the upward trend.

The main trend is the upward structure of May 5

Trading recommendations:

Buy: 16.36 Take profit: 16.50

Buy: 16.54 Take profit: 16.86

Sell: 15.94 Take profit: 15.81

Sell: 15.79 Take profit: 15.65

For Natural Gas, the main key levels on the H1 scale are: 1.858, 1.822, 1.724, 1.657, 1.568, 1.510 and 1.393. Here, we are following the development of the downward structure of May 5. At the moment, the price is in correction. Short-term downward movement is expected in the range of 1.568 - 1.510. The breakdown of the last level will allow us to expect movement to a potential target - 1.393. Upon reaching this level, we expect an upward pullback.

A consolidated movement is possible in the range of 1.657 - 1.724. The breakdown of the last level will lead to an in-depth correction. Here, the potential target is 1.822. The range of 1.822 - 1.858 is a key support for the downward trend. We expect the initial conditions for the upward cycle to be formed before it.

The main trend is the descending structure of May 5, the correction stage

Trading recommendations:

Buy: Take profit:

Buy: 1.735 Take profit: 1.820

Sell: 1.568 Take profit: 1.515

Sell: 1.505 Take profit: 1.395