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Fractal analysis

27.04.202009:40 Forex Analysis & Reviews: Fractal analysis of Gold, Silver, and Oil on April 27

Forecast for April 27:

Analytical review in H1 scale:

For Gold, the main key levels on the H1 scale are: 1797, 1777.08, 1761, 68, 1740, 22, 1715.15, 1703.78 and 1690.06. Here, the price issued expressed initial conditions for the upward cycle of April 21. The continuation of the upward movement is expected after the breakdown of the level of 1740.22. In this case, the target is 1761.68. A short-term upward movement, as well as consolidation is in the range of 1761.68 - 1777.08. For the potential value for the top, we consider the level of 1797.46. Upon reaching which, we expect a pullback in the correction.

A short-term downward movement is possible in the range of 1715.15 - 1703.78. The breakdown of the last level will lead to an in-depth correction. Here, the goal is 1690.06. This level is a key support for the upward structure.

The main trend is the initial conditions for the upward cycle of April 21

Trading recommendations:

Buy: 1742.00 Take profit: 1760.00

Buy: 1763.00 Take profit: 1777.00

Sell: 1715.00 Take profit: 1704.00

Sell: 1701.00 Take profit: 1691.00

For Oil, the main key levels on the H1 scale are: 7.05, 4.92, 2.40, and 0.77. Here, we expect the recovery of price values in the positive zone. Short-term upward movement is expected in the range of 0.77 - 2.40. The breakdown of the latter value will lead to the formation of initial conditions for the upward cycle. Here, the first goal is 4.92. For the potential value for the top, we consider the level of 7.05. We expect consolidation near this level.

At the moment, the price is near the limit values for the descending structure of April 9, namely the level of 423.6 - 450.00 on the Fibonacci scale.

The main trend is the descending structure of April 9.

Trading recommendations:

Buy: 15.90 Take profit: 17.30

Buy: 17.60 Take profit: 19.80

Sell: 13.60 Take profit: 12.40

Sell: 12.20 Take profit: 10.70

For Silver, the main key levels on the H1 scale are: 16.24, 16.01, 15.69, 15.56, 15.41, 15.02, 14.89 and 14.70. Here, the price forms a pronounced structure for the upward cycle of April 21. The continuation of the upward movement is expected after the breakdown of the level of 15.41. In this case, the target is 15.56. Price consolidation is near this level. The price passing the noise range of 15.56 - 15.69 will lead to the development of pronounced movement. In this case, the target is 16.01. For the potential value for the top, we consider the level of 16.24. Upon reaching which, we expect consolidation, as well as a downward pullback.

A short-term downward movement is possible in the range of 15.02 - 14.89. The breakdown of the last level will lead to an in-depth correction. Here, the goal is 14.70. This level is a key support for the upward structure.

The main trend is the formation of the rising structure of April 21.

Trading recommendations:

Buy: 15.41 Take profit: 15.56

Buy: 15.71 Take profit: 16.00

Sell: 15.02 Take profit: 14.90

Sell: 14.87 Take profit: 14.72

*Phân tích thị trường được đăng tải ở đây có nghĩa là để gia tăng nhận thức của bạn, nhưng không đưa ra các chỉ dẫn để thực hiện một giao dịch.

Daichi Takahashi,
Analytical expert of InstaSpot
© 2007-2025

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