28.04.202009:32 Forex-elemzések és áttekintések: Fractal analysis of Gold, Silver, and Oil on April 28

For Gold, the price is in a deep correction from the rising structure on April 21 and is close to its cancellation, which requires passing through the range of 1690.06 - 1680.58. For Oil, market recovery is expected in an upward direction. For Silver, the price is in the correction zone from the rising structure on April 21. We expect continuation of the upward movement after the breakdown of the level of 15.20. The level of 14.70 is the key support.

Forecast for April 28:

Analytical review in H1 scale:

For Gold, the main key levels on the H1 scale are: 1797, 1777.08, 1761, 68, 1740, 22, 1719.90, 1709.17, 1690.06, 1680.58, 1670.67 and 1664.35. Here, the price is in deep correction from the upward structure on April 21. We expect short-term upward movement in the range of 1709.17 - 1719.90. Now, the breakdown of the last level will lead to the continuation of an upward trend. Here, the first potential target is 1740.22.

We expect short-term downward movement in the range of 1690.06 - 1680.58. This range is a key support for the top and price passing through the indicated range will lead to the development of the downward structure of April 23. In this case, the target is 1670.67. Price consolidation is in the range of 1670.67 - 1664.35.

The main trend is the initial conditions for the upward cycle of April 21, the stage of deep correction.

Trading recommendations:

Buy: 1709.00 Take profit: 1718.00

Buy: 1721.00 Take profit: 1740.00

Sell: 1690.00 Take profit: 1682.00

Sell: 1678.00 Take profit: 1670.00

For Oil, the main key levels on the H1 scale are: 7.05, 4.92, 2.40, and 0.77. Here, we expect the recovery of price values in the positive zone. Short-term upward movement is expected in the range of 0.77 - 2.40. The breakdown of the last level will lead to the formation of initial conditions for the upward cycle. Here, the first goal is 4.92. For the potential value for the top, we consider the level of 7.05. We expect consolidation near this level.

At the moment, the price is near the limit values for the descending structure of April 9, namely the level of 423.6 - 450.00 on the Fibonacci scale.

The main trend is the descending structure of April 9.

Trading recommendations:

Buy: 15.90 Take profit: 17.30

Buy: 17.60 Take profit: 19.80

Sell: 13.60 Take profit: 12.40

Sell: 12.20 Take profit: 10.70

For Silver, the main key levels on the H1 scale are: 16.24, 16.01, 15.69, 15.56, 15.41, 15.20, 15.02, 14.89 and 14.70. Here, we are following the formation of the initial conditions for the upward cycle of April 21. At the moment, the price is in the correction zone. The continuation of the upward movement is expected after the breakdown of the level of 15.20. In this case, the first goal is 15.41. The breakdown of which will allow counting on movement to the level of 15.56. Price consolidation is near this level. Now, the price passing through the noise range of 15.56 - 15.69 will lead to the development of pronounced movement. In this case, the target is 16.01. For the potential value for the top, we consider the level of 16.24. Upon reaching which, we expect consolidation, as well as a downward pullback.

A short-term downward movement is possible in the range between 15.02 - 14.89. The breakdown of the last level will lead to an in-depth correction. Here, the goal is 14.70. This level is a key support for the upward structure.

The main trend is the formation of the ascending structure of April 21, the correction stage

Trading recommendations:

Buy: 15.20 Take profit: 15.39

Buy: 15.41 Take profit: 15.56

Sell: 14.85 Take profit: 14.72

Sell: 14.68 Take profit: 14.50