Forecast for May 13:

Analytical review in H1 scale:

For Gold, the main key levels on the H1 scale are: 1731.37, 1722.73, 1714.34, 1707.86, 1702.15, 1691.36, 1683.76, 1678.57 and 1670.17. Here, the price registered a small potential for the downward movement of May 8 in the correction zone of the ascending structure. The continuation of the downward movement is expected after the breakdown of 1691.36. In this case, the target is 1683.76. Price consolidation is in the range of 1683.76 - 1678.57. We consider the level 1670.17 to be a potential value for the bottom; upon reaching this level, we expect an upward pullback.

Short-term upward movement is possible in the range of 1702.15 - 1707.86. The breakdown of the last value will lead to an in-depth correction. In this case, the goal is 1714.34. This level is a key support for the descending structure of May 8 and the price passing this level will lead to the formation of local initial conditions for the upward cycle. In this case, the potential target is 1722.73.

The main trend is the upward structure of May 1, the correction stage

Trading recommendations:

Buy: 1702.00 Take profit: 1707.00

Buy: 1715.00 Take profit: 1722.00

Sell: 1691.00 Take profit: 1684.00

Sell: 1678.00 Take profit: 1670.50

For Oil, the main key levels on the H1 scale are: 32.92, 28.69, 26.32, 23.71, 22.34, 20.00 and 17.32. Here, we are following the development of the ascending structure of April 20. The continuation of the upward movement is expected after the breakdown of the level of 26.32. In this case, the goal is 28.69. Price consolidation is near this level. As a potential value for the ascending structure, we consider the level of 32.92. Upon reaching which, we expect a downward pullback.

A short-term downward movement is possible in the range of 23.71 - 22.34. The breakdown of the last level will lead to an in-depth correction. Here, the target is 20.00. This level is a key support for the top and the price passing this range will lead to the formation of initial conditions for the downward cycle. In this case, the potential goal of 17.32.

The main trend is the upward structure of April 20

Trading recommendations:

Buy: 26.32 Take profit: 28.60

Buy: 28.80 Take profit: 31.85

Sell: 23.71 Take profit: 22.40

Sell: 22.28 Take profit: 20.50

For Silver, the main key levels on the H1 scale are: 16.11, 15.91, 15.64, 15.44, 15.31, 15.20 and 15.01. Here, we are following the ascending structure of May 5. The continuation of the upward movement is expected after the breakdown of the level of 15.44. In this case, the target of 15.64. Price consolidation is near this level. The breakdown of 15.64 will lead to a pronounced movement. In this case, the target is 15.91. For the potential value for the top, we consider the level of 16.11. Upon reaching which, we expect consolidation, as well as a downward pullback.

A short-term downward movement is possible in the range of 15.31 - 15.20. The breakdown of the last level will lead to an in-depth correction. Here, the goal is 15.01. This level is a key support for the upward trend.

The main trend is the upward structure of May 5

Trading recommendations:

Buy: 15.45 Take profit: 15.62

Buy: 15.65 Take profit: 15.90

Sell: 15.31 Take profit: 15.21

Sell: 15.19 Take profit: 15.03

For Natural Gas, the main key levels on the H1 scale are: 1.858, 1.822, 1.765, 1.724, 1.657, 1.568 and 1.510. Here, we are following the development of the descending structure of May 5. We expect a consolidated movement near the level of 1.657 and its breakdown will lead to the subsequent development of a downward trend. In this case, the target is 1.568. For the potential value for the bottom, we consider the level of 1.510. Upon reaching which, we expect consolidation, as well as an upward pullback.

A short-term upward movement is possible in the range of 1.724 - 1.765. 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

Trading recommendations:

Buy: 1.724 Take profit: 1.763

Buy: 1.767 Take profit: 1.820

Sell: 1.645 Take profit: 1.580

Sell: 1.565 Take profit: 1.515