Comprehensive analysis of movement options for Gold, Palladium, Platinum, and Silver (H4) on June 3, 2020

Minuette operational scale (H4)

The main precious metals Gold, Palladium, Platinum, and Silver – overview of movement options from June 3, 2020.

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Spot Gold

The development of the Spot Gold movement from June 3, 2020 will be determined by the development and direction of the breakdown of the boundaries of the 1/2 Median Line channel (1729.00-1739.00-1749.00) 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 channel 1/2 Median Line of the Minuette operational scale fork – support level 1729.00 – development option for the Spot Gold downward movement towards the goals:

  • initial line SSL Minuette (1714.00);
  • LTL Minuette control line (1700.00);
  • local minimum 1692.88.
  • with the prospect of reaching the boundaries of the 1/2 Median Line channel (1680.00-1650.00-1622.00) of the Minuette operational scale fork.

In case of breaking the upper border of the channel 1/2 Median Line Minuette – resistance level of 1749.00 – the development of this tool will continue in the zone of equilibrium (1749.00-1762.00-1775.00) of the Minuette operational scale fork of the achievement of the line of control UTL (1780.00) of the Minuette operational scale fork and end line FSL Minuette (1818.00).

Details of the Spot Gold movement from June 3, 2020 can be seen on the animated chart.

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#PAF (Palladium) Current Month

From June 03, 2020, the #PAF (Palladium) movement will be determined by working out and the direction of the breakdown of the boundaries of the equilibrium zone (1985.00-2035.00-1085.00) of the Minuette operational scale fork – see the animated chart for details of the movement in this equilibrium zone.

The breakdown of the top border ILS38.2 equilibrium zone of the Minuette operational scale fork- resistance level 2085.00 – the upward movement of #PAF can be continued to the goals:

  • local maximum 2170.00.
  • SSL Minuette starting line (2240.00);
  • lower limit of the channel 1/2 Median Line (2295.00) of the Minuette operational scale fork.

If the support level of 1985.00 breaks at the lower border of ISL61.8 of the balance zone of the Minuette operational scale forks, the downward movement of the Palladium Current Month can be continued towards the goals:

  • LTL control line (1940.00) of the Minuette operational scale forks;
  • ultimate line FSL Minuette (1840.00);
  • with the prospect of reaching the warning line LWL38.2 Minuette (1775.00) and the local minimum 1732.00.

The markup of #PAF (Palladium) motion options from June 3, 2020 is shown on the animated chart.

Exchange Rates 03.06.2020 analysis

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#PLF (Platinum) Current Month

The development of the #PLF (Platinum) movement from June 3, 2020 will be determined by the development and direction of the breakdown of the range:

  • resistance level 895.0 at the lower border of the channel 1/2 Median Line of the Minuette operational scale fork;
  • support level 875.0 on the initial line of the SSL of the Minuette operational scale fork.

In the event of a breakdown of the initial SSL line of the Minuette operational scale fork – support level 875.0 – there may be a development of a downward movement #PLF to the LTL Minuette control line (862.0) and the boundaries of the equilibrium zone (850.0-822.0-792.0) balance zones of the Minuette operational scale fork with the possibility of updating the local minimum 757.5.

With the breakdown of the resistance level of 895.0, the development of the Platinum Current Month movement will continue in the channel 1/2 Median Line (895.0-911.0-929.0) of the Minuette operational scale fork with the prospect of reaching the borders of the equilibrium zone (942.5-966.0-988.0) of the Minuette operational scale fork.

Details of the #PLF (Platinum) movement options from June 3, 2020 are shown in the animated chart.

Exchange Rates 03.06.2020 analysis

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Spot Silver

The development of the Spot Silver movement from May 27, 2020 will also be determined by the development and direction of the breakdown of the range:

  • resistance level 18.600 – warning line UWL61.8 of the Minuette operational scale fork;
  • support level 18.200 – UTL control line of the Minuette operational scale fork.

The breakdown of the UTL control line of the Minuette operational scale fork – support level of 18.200 – will determine the development of the downward movement Silver Spot can be directed to the goals:

  • SSL Minuette starting line (17.750);
  • channel 1/2 Median Line Minuette (17.500-17.250-17.000);
  • with the prospect of reaching the equilibrium zone (16.700-16.350-16.000) of the Minuette operational scale fork.

If the resistance level 18.600 is broken on the warning line UWL61.8 of the Minuette operational scale fork, the upward movement of Spot Silver will be directed to the warning lines UWL100.0 Minuette (19.150) and UWL161.8 Minuette (20.000).

Details of the Spot Silver movement options from June 3, 2020 are shown in the animated chart.

Exchange Rates 03.06.2020 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 3, 2020

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