empty
 
 
05.05.2020 09:12 AM
Fractal analysis of Gold, Silver, Oil, and Natural Gas on May 5

Forecast for May 5:

Analytical review in H1 scale:

This image is no longer relevant

For Gold, the main key levels on the H1 scale are: 1740.22, 1731.37, 1717.46, 1707.34, 1690.06, 1682.54, 1677.98 and 1669.38. Here, the price registered a small potential for the upward movement of May 1. A short-term upward movement is expected in the range of 1707.34 - 1717.46. The breakdown of the last level will lead to a pronounced movement. Here, the target is 1731.37. For the potential value for the top, we consider the level of 1740.22. Upon reaching which, we expect consolidation, as well as a downward pullback.

A short-term downward movement is expected in the range of 1690.06 - 1682.54. The range of 1682.54 - 1677.98 is a key support for the top and the price passing this level will lead to the development of a downward structure. In this case, the target is 1669.38.

The main trend is building potential for the top of May 1

Trading recommendations:

Buy: 1708.00 Take profit: 1717.00

Buy: 1718.00 Take profit: 1730.00

Sell: 1690.00 Take profit: 1683.00

Sell: 1677.00 Take profit: 1670.00

This image is no longer relevant

For Oil, the main key levels on the H1 scale are: 28.69, 26.32, 22.34, 19.98, 18.52, and 16.24. Here, we are following the development of the ascending structure of April 20. The continuation of the upward movement as an impulse, is expected after the breakdown of 22.34. In this case, the target is 26.32. We consider the level of 28.69 to be a potential value for the upward trend. Upon reaching which, we expect consolidation, as well as a downward pullback.

A short-term downward movement is possible in the range of 19.98 - 18.52. The breakdown of the last level will lead to an in-depth correction. In this case, the target is 16.24. This level is a key support for the top.

The main trend is the potential upward structure of April 20, we expect local initial conditions to clarify goals.

Trading recommendations:

Buy: 22.60 Take profit: 26.30

Buy: 26.60 Take profit: 28.60

Sell: 19.90 Take profit: 18.55

Sell: 18.30 Take profit: 16.50

This image is no longer relevant

For Silver, the main key levels on the H1 scale are: 15.27, 15.16, 15.00, 14.66, 14.43, 14.16 and 13.95. Here, the price forms a downward potential of April 30. The continuation of the downward movement is expected after the breakdown of the level of 14.66. In this case, the target is 14.43. Price consolidation is near this level. The breakdown of the level of 14.43 should be accompanied by a pronounced downward movement. Here, the goal is 14.16. For the potential value for the bottom, we consider the level of 13.95. Upon reaching which, we expect consolidation, as well as an upward pullback.

A short-term upward movement is possible in the range of 15.00 - 15.16. The range of 15.16 - 15.27 is a key support for the descending structure of April 30 and the price passing this range will lead to the formation of initial conditions for the top. In this case, the potential target is 15.44.

The main trend is the formation of the downward potential of April 30

Trading recommendations:

Buy: 15.00 Take profit: 15.16

Buy: 15.27 Take profit: 15.44

Sell: 14.66 Take profit: 14.44

Sell: 14.42 Take profit: 14.16

This image is no longer relevant

For Natural Gas, the main key levels on the H1 scale are: 2.363, 2.302, 2.192, 2.068, 2.008, 1.908, and 1.815. Here, we are following the development of the ascending structure of April 27. The continuation of the upward movement is expected after the breakdown of the level of 2.192. In this case, the target is 2.300. For the potential value for the top, we consider the level of 2.363. The movement to which is expected after the breakdown of the level of 2.302.

A short-term downward movement is possible in the range of 2.068 - 2.008. The breakdown of the last level will lead to an in-depth correction. Here, the potential target is 1.908. This level is a key support for the upward structure and its breakdown will lead to the formation of initial conditions for the downward cycle.

The main trend is the upward structure of April 27

Trading recommendations:

Buy: 2.194 Take profit: 2.300

Buy: 2.305 Take profit: 2.360

Sell: 2.068 Take profit: 2.010

Sell: 2.000 Take profit: 1.910

Daichi Takahashi,
Analytical expert of InstaForex
© 2007-2024
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback