Analytical review on Gold, Silver, and Oil
According to Silver, the price has established a local structure for the development of the upward movement of October 23. According to Gold, the subsequent targets for the top were determined from the local ascending structure on October 22 and the level of 1223.90 is the key support. According to Oil, we follow the local downward cycle from October 16 and from the range of 65.90 - 65.15, we expect a reversal upwards.
Forecast for October 24:
H1-scale analytical review:
According to Silver, the main key levels on the H1 scale are: 15.13, 14.98, 14.88, 14.73, 14.58, 14.49, 14.43 and 14.34. Here, the price has issued a local structure for the upward movement of October 23. The continuation of the movement upward is expected after the breakdown of 14.73. In this case, the target is 14.88 and the breakdown of which will allow us to count on the movement towards 14.98, consolidation is near this level. The potential value for the top is considered the level of 15.13, upon reaching which we expect a rollback to the top.
The short-term downward movement is possible in the range of 14.58 - 14.49 and the range of 14.49 - 14.43 is the key support for the top. Its price will have to form the initial conditions for the downward cycle. In this case, the goal is 14.34.
The main trend is the local structure for the top of October 23.
Trading recommendations:
Buy: 14.74 Take profit: 14.87
Buy: 14.89 Take profit: 14.97
Sell: 14.42 Take profit: 14.36
Sell: 14.34 Take profit: 14.22
According to Gold, the main key levels on the H1 scale are: 1259.12, 1253.90, 1246.16, 1240.55, 1227.59, 1223.91, 1218.88 and 1210.18. Here, the next goals for the top are determined from the local structure on October 22. The short-term upward movement is possible in the range of 1240.55 - 1246.16 and the breakdown of the latter value will lead to a pronounced movement. Here, the target is 1253.90. The potential value for the top is considered the level of 1259.12, upon reaching which we expect consolidation.
The short-term downward movement is possible in the range of 1227.59 - 1223.91 and the breakdown of the latter value will lead to the development of a downward structure. In this case, the first target is 1218.88. The potential value for the bottom is considered the level of 1210.18.
The main trend is the local structure for the top of October 22.
Trading recommendations:
Buy: 1240.55 Take profit: 1246.00
Buy: 1246.50 Take profit: 1253.50
Sell: 1223.50 Take profit: 1219.00
Sell: 1218.50 Take profit: 1210.50
According to #Cl, the main key levels on the H1 scale are: 68.60, 67.48, 66.79, 65.90, 65.15 and 63.84. Here, we determined the subsequent targets for the bottom from the local downward cycle on October 16. We expect a short-term downward movement in the range of 65.90 - 65.15, hence a high probability of a reversal upwards. The breakdown of the level of 65.15 will make it possible to count on the movement towards a potential target of 63.84.
The short-term upward movement is possible in the range of 66.79 - 67.48 and the breakdown of the last value will lead to a prolonged correction. Here, the target is 68.60.
The main trend is the local downward cycle of October 16.
The tool serves to determine the key trend. Its confirmation or cancellation by GOLD. Often has the opposite correlation with GOLD.
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