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Fractal analysis

14.05.202009:30 Forex Analysis & Reviews: Fractal analysis of Gold, Silver, Oil and Natural Gas on May 14

Forecast for May 14:

Analytical review in H1 scale:

For Gold, the main key levels on the H1 scale are: 1748.45, 1739.99, 1736.07, 1728.82, 1724.03, 1714.34, 1707.86, 1702.15 and 1691.36. Here, we are following the development of the local ascending structure of May 11. At the moment, we expect movement to the level of 1724.03. Price consolidation is in the range of 1724.03 - 1728.82. The breakdown of the level of 1728.82 should be accompanied by a pronounced upward movement. Here, the target is 1736.07. Price consolidation is in the range of 1736.07 - 1739.99. For the potential value for the top, we consider the level of 1748.45. Upon reaching which, we expect a downward pullback.

A short-term downward movement is possible in the range of 1714.34 - 1707.86. The breakdown of the last level will lead to an in-depth correction. In this case, the goal is 1702.15. This level is a key support for the top.

The main trend is the local ascending structure of May 11

Trading recommendations:

Buy: 1719.00 Take profit: 1727.00

Buy: 1729.00 Take profit: 1736.00

Sell: 1707.50 Take profit: 1702.50

Sell: 1701.00 Take profit: 1694.00

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 level will lead to the formation of initial conditions for the downward cycle. In this case, the potential goal is 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. Short-term upward movement, as well as consolidation, are expected in the range of 15.44 - 15.64. 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 level 16.11. Upon reaching which, we expect consolidation, as well as a downward pullback.

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, 1.724, 1.657, 1.568, 1.510 and 1.393. Here, we are following the development of the descending structure of May 5. 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 of 1.393. Upon reaching this level, we expect an upward pullback.

A short-term upward 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 the 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: 1.657 Take profit: 1.720

Buy: 1.735 Take profit: 1.820

Sell: 1.568 Take profit: 1.515

Sell: 1.505 Take profit: 1.395

*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
© 2007-2026

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