07.04.202008:54 Forex-elemzések és áttekintések: Fractal analysis of Gold, Silver, and Oil on April 7

Forecast for April 7:

Analytical review in H1 scale:

For Gold, the main key levels on the H1 scale are: 1726.71, 1703.84, 1692.46, 1672.88, 1652.11, 1638.66 and 1620.04. Here, we are following the development of the local ascending structure of March 31. The continuation of the movement to the top is expected after the breakdown of the level of 1672.88. In this case, the target is 1692.46. Price consolidation is in the range of 1692.46 - 1703.84. For the potential value for the top, we consider the level 1726.71. The movement to which is expected after the breakdown of the level of 1703.84.

Short-term downward movement is possibly in the range of 1652.11 - 1638.66. The breakdown of the latter value will lead to an in-depth correction. Here, the target is 1620.04. This level is a key support for the entire upward trend.

The main trend is the local structure for the top of March 31.

Trading recommendations:

Buy: 1673.00 Take profit: 1692.00

Buy: 1705.00 Take profit: 1725.00

Sell: 1652.00 Take profit: 1640.00

Sell: 1636.00 Take profit: 1620.00

For Oil, the main key levels on the H1 scale are: 34.46, 32.48, 29.64, 26.51, 25.20 and 23.46. Here, we are following the formation of medium-term initial conditions for the top of March 30. The continuation of the movement to the top is expected after the breakdown of the level of 29.64. In this case, the target is 32.48. Price consolidation is near this level. For the potential value for the top, we consider the level of 34.46, from which we expect a departure in the correction.

Short-term downward movement is possibly in the range of 26.51 - 25.20. The breakdown of the last value will lead to an in-depth correction. Here, the goal is 23.46. This level is a key support for the top.

The main trend is the formation of a medium-term upward structure from March 30.

Trading recommendations:

Buy: 29.70 Take profit: 32.40

Buy: 32.50 Take profit: 34.40

Sell: 26.50 Take profit: 25.20

Sell: 25.10 Take profit: 23.80

For Silver, the main key levels on the H1 scale are: 16.11, 15.76, 15.59, 15.31, 15.01, 14.81 and 14.54. Here, we are following the development of the local ascendant structure from April 1. The continuation of the movement to the top is expected after the breakdown of the level of 15.31. In this case, the target is 15.59. Price consolidation is in the range of 15.59 - 15.76. For the potential value for the top, we consider the level of 16.11. The movement to which is expected after the breakdown of the level of 15.76.

Short-term downward movement is possibly in the range of 15.01 - 14.81. The breakdown of the last value will lead to an in-depth correction. Here, the goal is 14.54. This level is a key support for the top.

The main trend is the local structure for the top of April 1.

Trading recommendations:

Buy: 15.33 Take profit: 15.59

Buy: 15.77 Take profit: 16.10

Sell: 15.01 Take profit: 14.81

Sell: 14.78 Take profit: 14.55