Minuette operational scale (H4)
Precious metals gold and silver vs #USDX (dollar index) - who's who? Overview of the development of traffic movement from April 15, 2020
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US dollar index
The movement of the dollar index #USDX from April 15, 2020 will be determined depending on the development and direction of the breakdown of the range:
resistance level of 99.05 - the initial line of the SSL of the Minuette operational scale forks;support level of 98.65 - the upper border of the 1/2 Median Line channel of the Minuette operational scale forks.A breakdown of the support level of 98.65 will make it relevant to develop the movement of the dollar index within the boundaries of the channel 1/2 Median Line Minuette (98.65-98.15- 97.65) and balance zones of the Minuette operational scale forks (98.40-97.35-96.30) and Minuette (96.75-96.05-95.35).
If the resistance level of 99.5 on the starting line SSL of the Minuette operational scale forks - variant development of the upward movement #USDX to the line of control UTL Minuette (100.0) and a local maximum 100.94 of the achievement of the channel borders 1/2 Median Line (100.90-101.75-102.65) of the Minuette operational scale forks.
The layout of the #USDX movement options from April 15, 2020 is shown on the animated chart.
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Spot Silver
The direction of the breakout of the range:
resistance level of 15.730 on the warning line UWL38. 2 of the Minuette operational scale forks;support level of 15.530 at the upper border of ISL61. 8 of the balance zone of the Minuette operational scale forksAnd will determine the development of the Spot Silver movement from April 15, 2020.
In case of a breakdown of the warning line UWL38. 2 of the Minuette operational scale forks - resistance level 15.730 - option to continue the upward movement of Spot Silver to the goals:
final Shiff Line (16.450) of the Minuette operational scale forks;warning line UWL100. 0 (17.670) of the Minuette operational scale forks.A breakdown of the support level of 15.530 ISL61.8 Minute will confirm that further development of the Spot Silver movement will continue in the equilibrium zone (15.530-14.720-13.890) of the Minuette operational scale forks.
Details of the Spot Silver movement options from April 15, 2020 are shown in the animated chart.
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Spot Gold
The development of the Spot Gold movement from April 15, 2020 will be determined by the development and direction of the breakdown of the range:
resistance level of 1734.00 - final line of FSL of the Minuette operational scale forks;support level of 1720.00 - warning line UWL100.0 of the Minuette operational scale forks.If the final FSL line of the operational scale forks is broken, the Minute - resistance level of 1734.00, the upward movement of Spot Gold can be continued to the targets:
warning line UWL161.9 Minuette (1757.00);warning line UWL38.2 Minute (1783.00);warning line UWL61.8 Minute (1815.00).If the breakdown of the warning line UWL100.0 of the Minuette operational scale forks takes place - support level 1720.00 - will make possible the development of the downward movement of Spot Gold towards the goals:
control line UTL Minuette (1702.00);warning line UWL61.8 Minuette (1695.00);warning line UWL38.2 Minuette (1681.00);channel 1/2 Median Line Minuette (1669.00-1655.00-1651.00).Details of the Spot Gold movement from April 15, 2020 can be seen on 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).