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Minuette operational scale (H4)
Our precious metals and the dollar index at the end of May and in the first month of summer - an overview of the movement options for #USDX vs Gold & Platinum & Silver in May-June 2020.
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US dollar index
Starting May 27, 2020, the movement of the dollar index (#USDX) will be determined by working out and the direction of the breakdown of the boundaries of the equilibrium zone (99.50-98.45-97.45) of the Minor operational scale forks - see the animated chart for details of the movement in this equilibrium zone.
With the breakdown of the lower boundary of the ISL61.8 equilibrium zone of the Minor operational scale forks - support level 97.45 - the downward movement of the dollar index towards the targets will become possible:
In case of breakdown of the upper limit of the ISL38.2 equilibrium zone of the Minor operational scale forks - resistance level 99.50 - #USDX movement can continue in the 1/2 channel Median Line Minor (99.35-100.30-101.30) with the prospect of reaching the initial SSL line (102.60) of the Minor operational scale forks.
The layout of the #USDX movement options from May 27, 2020 is shown on the animated chart.
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Spot Gold
The development of the Spot Gold movement from May 27, 2020 will be determined by the development and direction of the breakdown of the range:
When the UTL control line is broken, the operating scale of the minor fork is the resistance level of 1737.00 - the option to continue the upward movement of Spot Gold towards the goals:
The breakdown of the support level of 1713.00 on the initial SSL of the Minor operational scale fork will guide the development of the movement of Spot Gold to the borders of channels 1/2 Median Line of the Minuette operational scale fork (1677.50-1648.00-1618.50) and Minor (1628.00-1596.00-1562.00).
Details of the Spot Gold movement from May 27, 2020 can be seen on the animated chart.
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#PLF (Platinum)
The development of the #PLF (Platinum) movement from May 27, 2020 will also depend on the development and direction of the breakdown of the 1/2 Median Line channel (942.0-910.5-875.0) of the Minor operational scale fork - we look at the motion marking inside this zone on the animated chart.
If the resistance level 942.0 is broken down at the upper border of the channel 1/2 Median Line of the Minor operational scale forks and the final FSL (957.0) line of the Minuette operational scale forks, the upward movement #PLF (Platinum) can be continued to the goals:
If the support level of 875 is broken at the lower border of the channel 1/2 Median Line Minor, the downward movement #PLF (Platinum) can be continued to the borders of the balance zones of the operational scales forks - Minor (843.0-793.0-741.0) and Minute (783.0-731.0-680.0).
Details of the #PLF (Platinum) movement options from May 27, 2020 are shown in the animated chart.
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Spot Silver
The development of the Spot Silver movement from May 27, 2020 will also be determined by the development and direction of the range breakdown:
resistance level 17.590 - the final line of FSL of the Minor operational scale forks;
support level 17.100 - initial line of SSL of the Minuette operational scale forks.
If a breakdown of the resistance level 17.590 takes place on the upper border of ISL61.8 of the equilibrium zone of the Minor operational scale forks, then the development of the Spot Silver movement will be aimed at the goals:
When the support level of 17.100 is broken on the initial line of the SSL of the Minuette operational scale forks the downward movement of Spot Silver to the equilibrium zone (14.900-14.000-13.200) of the Minor operational scale forks.
Details of the Spot Silver movement options from May 27, 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).
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