The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
Forecast for May 4:
Analytical review in H1 scale:
For Gold, the main key levels on the H1 scale are: 1740.22, 1731.37, 1717.46, 1707.34, 1690.06, 1682.54, 1677.98 and 1669.38. Here, the price registered a small potential for the upward movement of May 1. Short-term upward movement is expected in the range of 1707.34 - 1717.46. The breakdown of the last level will lead to a pronounced movement. Here, the goal is 1731.37. For the potential value for the top, we consider the level of 1740.22. Upon reaching which, we expect consolidation, as well as a downward pullback.
A short-term downward movement is expected in the range of 1690.06 - 1682.54. The range of 1682.54 - 1677.98 is the key support for the top and price passing this range will lead to the development of a downward structure. In this case, the target is 1669.38.
The main trend is building potential for the top of May 1.
Trading recommendations:
Buy: 1708.00 Take profit: 1717.00
Buy: 1718.00 Take profit: 1730.00
Sell: 1690.00 Take profit: 1683.00
Sell: 1677.00 Take profit: 1670.00
For Oil, the main key levels on the H1 scale are: 28.69, 22.34, 19.98, 17.09, 14.96, and 12.37. Here, we follow the development of the ascending structure of April 20. Short-term upward movement is expected in the range of 19.98 - 22.34. The breakdown of the last level will lead to the development of an upward trend. In this case, the potential target is 28.69.
Short-term downward movement is possible in the range of 17.09 - 14.96. The breakdown of the last level will lead to an in-depth correction. In this case, the target is 12.37. This level is a key support for the top.
The main trend is the potential upward structure of April 20. We expect local initial conditions to clarify goals.
Trading recommendations:
Buy: 20.00 Take profit: 22.30
Buy: 22.60 Take profit: 28.00
Sell: 17.00 Take profit: 15.20
Sell: 14.90 Take profit: 13.00
For Silver, the main key levels on the H1 scale are: 15.27, 15.16, 15.00, 14.66, 14.43, 14.16 and 13.95. Here, the price forms a downward potential of April 30. The continuation of the downward movement is expected after the breakdown of the level of 14.66. In this case, the target is 14.43. Price consolidation is near this level. The breakdown of the level of 14.43 should be accompanied by a pronounced downward movement. Here, the goal is 14.16. For the potential value for the bottom, we consider the level of 13.95. Upon reaching which, we expect consolidation, as well as an upward pullback.
A short-term upward movement is possible in the range of 15.00 - 15.16. The range of 15.16 - 15.27 is the key support for the descending structure of April 30. The price passing this range will lead to the formation of initial conditions for the top. In this case, the potential target is 15.44.
The main trend is the formation of the downward potential of April 30.
Trading recommendations:
Buy: 15.00 Take profit: 15.16
Buy: 15.27 Take profit: 15.44
Sell: 14.66 Take profit: 14.44
Sell: 14.42 Take profit: 14.16
For Natural Gas, the main key levels on the H1 scale are: 2.192, 2.113, 2.008, 1.865, 1.815, and 1.738. Here, we are following the development of the ascending structure of April 27. The continuation of the upward movement is expected after the breakdown of the level of 2.008. In this case, the goal is 2.113. For the potential value for the top, we are considering the level of 2.192. Upon reaching which, we expect consolidation, as well as a downward pullback.
A short-term downward movement is possible in the range of 1.865 - 1.815. The breakdown of the last level will lead to an in-depth correction. Here, the potential target is 1.738.
The main trend is the upward structure of April 27.
Trading recommendations:
Buy: 2.016 Take profit: 2.100
Buy: 2.115 Take profit: 2.185
Sell: 1.865 Take profit: 1.817
Sell: 1.800 Take profit: 1.740
*这里的市场分析是为了增加您对市场的了解，而不是给出交易的指示。
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