Comprehensive analysis of movement options for Gold, Palladium, Platinum, and Silver (H4) on June 11, 2020

Minuette operational scale (H4)

The second week of summer – overview of movement options for the main precious metals Gold, Palladium, Platinum, and Silver on June 11, 2020.

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Spot Gold

The development of the Spot Gold movement from June 11, 2020 will be due to the development and direction of the breakdown of the 1/2 Median Line channel boundaries (1706.00-1717.00-1729.00) of the Minuette operational scale fork – details of working out these levels are shown on the animated chart.

A breakout of the lower border of the 1/2 Median Line channel of the Minuette operational scale fork – support level 1706.00 – option to continue a downward movement of Spot Gold to the borders of the 1/2 Median Line channel (1687.00-1657.00-1627.00) of the Minuette operational scale fork.

In case of breaking the upper border of the 1/2 Median Line Minuette channel – resistance 1729.00 – the development of this tool will continue in the equilibrium zone (1729.00-1745.00-1764.02) of the Minuette operational scale fork with the prospect of reaching the control line UTL (1787.50) of the Minuette operational scale fork.

Details of the Spot Gold movement since June 11, 2020 can be seen on the animated chart.

Exchange Rates 10.06.2020 analysis

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#PAF (Palladium) Current Month

From June 11, 2020, the movement of #PAF (Palladium) will be determined by the development and direction of the breakdown of the range:

  • resistance level 1996.00 – control line LTL of the Minuette operational scale fork;
  • support level 1970.00 – initial line of SSL of the Minuette operational scale fork.

With the breakdown of the support level of 1970.00 on the initial line of SSL of the Minuette operational scale fork, the downward movement of Palladium Current Month can be continued to the goals:

  • final Shiff Line Minuette (1902.00);
  • local minimum 1832.00;
  • equilibrium zone (1732.00-1647.00-1562.00) of the Minuette operational scale fork.

At the break of the control line LTL of the Minuette operational scale fork – resistance level of 1996.00 – the development of Palladium Current Month will be sent to the borders of the 1/2 Median Line Minuette channel (2040.00-2085.00-2130.00) with the prospect of reaching a local maximum 2170.00 and the line of control UTL (2268.00) of the Minuette operational scale fork.

The markup of #PAF (Palladium) motion options from June 11, 2020 is shown on the animated chart.

Exchange Rates 10.06.2020 analysis

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#PLF (Platinum) Current Month

The development of the #PLF (Platinum) movement from June 11, 2020 will be determined by the development and direction of the breakdown of the range:

  • resistance level 864.0 – final Shiff Line of the Minuette operational scale fork;
  • support level 46.0 – upper bound of ISL38.2 balance zone of the Minuette operational scale fork.

In the event of a breakdown of ISL38.2 Minute – support level 846.00 – the development of the #PLF movement will continue in the equilibrium zone (846.00-819.5-790.05) of the Minuette operational scale fork with the prospect of updating the local minimum 757.5.

If the resistance level 864.0 breaks on the final Shiff Line of the Minuette operational scale fork, the development of the Platinum Current Month movement will be directed to the boundaries of the equilibrium zone (882.00-902.05-922.00) of the Minuette operational scale fork and 1/2 Median Line channel (922.00-942.5-958.0) of the Minuette operational scale fork.

Details of the #PLF (Platinum) movement options from June 11, 2020 are shown in the animated chart.

Exchange Rates 10.06.2020 analysis

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Spot Silver

The development of the movement of Spot Silver from June 11, 2020 will be the same due to the training and direction of a breakout of the range:

  • resistance level 17.850 – lower boundary of the 1/2 Median Line channel of the Minuette operational scale fork;
  • support level 17.650 – initial line SSL of the Minuette operational scale fork.

The breakdown of the initial line SSL of the Minuette operational scale fork – support level 18.200 – will make it relevant to reach Spot Silver the boundaries of the equilibrium zone (17.450-17.150-16.150) of the Minuette operational scale fork with the prospect of continued downward movement of this instrument to the end line FSL Minuette (15.750) and the upper border channel 1/2 Median Line Minute (15.550).

In case of a breakdown of the resistance level of 17.850, the movement will occur in the 1/2 channel Median Line Minuette (17.850-18.100-18.340), and in case of breakdown of the upper boundary (18.340) of this channel, i.e. when updating the local maximum, the upward movement of Spot Silver can be continued in the future:

  • initial line SSL Minuette (18.600);
  • control line UTL Minuette (19.000);
  • warning line UWL38.2 Minuette (19.170);
  • warning line UWL61.8 Minuette (19.530).

Details of the Spot Silver movement options from June 11, 2020 are shown in the animated chart.

Exchange Rates 10.06.2020 analysis

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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).

Source: Comprehensive analysis of movement options for Gold, Palladium, Platinum, and Silver (H4) on June 11, 2020

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