empty
 
 

Forex Analysis & Reviews: Fractal analysis of Gold, Silver, Oil and Natural Gas on May 15
time 15.05.2020 08:38 AM
time Relevance up to, 16.05.2020 08:37 AM

Forecast for May 15:

Analytical review in H1 scale:

This image is no longer relevant

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

This image is no longer relevant

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

This image is no longer relevant

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

This image is no longer relevant

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

Daichi Takahashi,
Analytical expert of InstaForex
© 2007-2022
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

  • 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
  • Ferrari from InstaForex
    Top up your account with at least $1,000
    join the contest and win Ferrari
    F8 Tributo
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and win $1,000
    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

Recommended Stories

USD/JPY seems oversold at around 137.65

The USD/JPY pair dropped as much as 137.49 today where it has found support. Now, it has rebounded and it's trading at 138.77 at the time of writing. The bias

Ralph Shedler 18:58 2022-11-28 UTC+2

November 28, 2022 : EUR/USD daily technical review and trading opportunities.

Now the market remains under buying pressure until significant downside rejection occurs around one of the key- levels probably around 1.0600. In the mean time, any downside movement towards 1.0000

Mohamed Samy 18:43 2022-11-28 UTC+2

November 28, 2022 : EUR/USD Intraday technical analysis and trading plan.

Another bearish pullback to test the price levels of 0.9500 was recently executed. Intensive bullish price action was demonstrated around the lower limit of the current movement channel. Initial bullish

Mohamed Samy 18:42 2022-11-28 UTC+2

November 28, 2022 : GBP/USD Intraday technical analysis and significant key-levels.

Quick bearish decline was executed towards 1.1075 & 1.0860 where significant Fibonacci Expansion levels were located. Based on the upcoming price action and the next weekly candlestick closure, the next

Mohamed Samy 18:42 2022-11-28 UTC+2

Technical analysis of GBP/USD for November 28, 2022

Pound Sterling is currently trading at 1.1850. However, if the trend reverses from this point, then a possible future share price target could be 1.2026. If the price of Pound

Mourad El Keddani 18:14 2022-11-28 UTC+2

Weekly review of EUR/USD for November 28, 2022

The EUR/USD pair traded in different directions in the range of 1.0360 - 1.0209 and closed the day without significant changes. Today it fell a little, dropping from

Mourad El Keddani 17:33 2022-11-28 UTC+2

Gold challenging support at 1,747

The price of gold crashed today after reaching 1,763 today's high. The rate turned to the downside as the Dollar Index rebounded. The metal is trading at 1,748

Ralph Shedler 16:59 2022-11-28 UTC+2

Short-term technical analysis on Gold for November 28th, 2022.

Gold price is trading below $1,750, while earlier today price was making new higher highs at $1,763. Resistance remains strong around $1,760 and bulls were unable once again to break

Alexandros Yfantis 16:48 2022-11-28 UTC+2

Short-term technical analysis on EURUSD for November 28th, 2022.

EURUSD is trading around 1.0411 while earlier today price was making new short-term higher highs around 1.0497. but after ECB President's Lagarde speech, selling pressures have pushed the pair towards

Alexandros Yfantis 16:40 2022-11-28 UTC+2

Oil is very close to providing a new bearish signal.

Oil price is trading below $75. Price is trading on top of the green support area and is very close to breaking below it. A break below the green support

Alexandros Yfantis 16:27 2022-11-28 UTC+2
Can't speak right now?
Ask your question in the chat.