11.08.202012:05 Forex Analysis & Reviews: Comprehensive analysis of movement options for Gold & Silver (H4) on August 11, 2020

Minute operational scale (H4)

Is the dollar winning the battle with metals? Review of options for the movement of Gold & Silver since August 11, 2020.

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Spot Gold

The development of the Spot Gold movement from August 11, 2020 will depend on the development and direction of the breakdown of the boundaries of the equilibrium zone (2025.00 - 2005.50 - 1990.00) of the Minuette operational scale fork - the movement markings inside this equilibrium zone are shown on the animated chart.

A breakout of the lower border ISL61.8 equilibrium zone of the Minuette operational scale fork - support level of 1990.00 - will make it relevant for Spot Gold to reach the equilibrium zone boundaries (1978.28 - 1948.00 - 1916.00) of the Minute operational scale fork.

In case of a breakdown of the top border ISL38.2 equilibrium zone of the Minuette operational scale fork - resistance level of 2025.00 - upward movement of Spot Gold can be resumed to the borders of the channel 1/2 Median Line Minuette (2065.00 - 2074.75 - 2085.00).

Details of the Spot Gold movement since August 11, 2020 can be seen on the animated chart.

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Spot Silver

The development of the Spot Silver movement from August 11, 2020 will be due to the development and direction of the breakdown of the boundaries of the 1/2 Median Line channel (28.300 - 28.000 - 27.700) of the Minuette operational scale fork - details of movement inside this channel are shown on the animated graph.

A breakdown of the support level of 27.700 at the lower boundary of the 1/2 Median Line Minuette channel will make it possible for Spot Silver to reach the boundaries of the equilibrium zones of the operational scale forks - Minute (27.350 - 26.550 - 25.750) and Minuette (26.550 - 26.000 - 25.300).

In case of a breakdown of the resistance level of 24.750 at the upper border of ISL38.2 of the equilibrium zone of the Minute operational scale fork, the upward movement of Spot Silver can be continued to the borders of the 1/2 Median Line Minute channel (25.150 - 25.550 - 26.010) with the prospect of a maximum update of 26.150.

Details of the Spot Silver movement options from August 11, 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).