empty
03.11.2020 03:49 PM
Precious metals, Gold and Silver, H4. Comprehensive analysis for November 4, 2020

H4 time frame

Outlook for gold and silver on 4 November 2020

Previous outlook for gold and silver on the four-hour time frame on October 27,2020

Spot Gold

On November 4, 2020, the development of Spot Gold will be determined by a break of the range:

  • The 1900.50 resistance level at the 1/2 Median Line on the one-minute time frame
  • The support level of 1895.00 at the 1/2 Median Line on the one-minute time frame

A break of 1/2 Median Line located at the resistance level of 1900.00 will push the gold price to the zone of (1910.00 - 1923.00 - 1937.00) considering testing the local high of 1932.77. The price may also reach Shiff Line (1940.00).

A break of the 1/2 Median Line located at the support level of 1895.00 is another variant of the downward movement development. The main targets are the following:

- lower border of the channel 1/2 Median Line (1891.00);

- lower limit of the channel 1/2 Median Line (1880.80);

- initial SSL line (1869.00);

The price may again hit the local low of 1859.57 and reach the warning line LWL 61.8 Minute (1855.00).

Details of Spot Gold movement on November 4, 2020 can be seen in the animated *. gif chart (opens in a separate tab).

This image is no longer relevant

Spot Silver

Spot Silver from November 4, 2020 will move depending on the direction of a break of the limits of the equilibrium zone (23.850 - 24.210 - 24.600)

Movement inside this zone is shown in an animated *. gif graph (opens in a separate tab). If there is a break of the upper limit of ISL 61. 8 of the equilibrium zone located near the resistance level of 24.600, the upward movement of Spot Silver can be continued to the following targets:

- Highs of 25.245 - 25.515;

- the final line FSL (25.770);

- the final Shiff Line (26.260).

If the price breaks the lower limit of the ISL38.2 of the equilibrium zone located near the support level of 23.850, Spot Silver may continue dropping to the limits of the channel 1/2 Median Line (23.500 - 23.230 - 22.960) and even reach the initial SSL line (22.760) and then update the local low of 22.540.

Details of the Spot Silver direction from November 4, 2020 are shown in the animated *. gif graph (opens in a separate tab).

This image is no longer relevant

The review is prepared 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).

More Analytics on the InstaForex website.

ZUP and Andrews Pitchfork (terms, concepts, parameters).

Materials for the study of Analysis ZUP & APL's.

Ratu Taslim,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Forex forecast 28/04/2025: EUR/USD, GBP/USD, USD/JPY, USDX, Gold and Bitcoin

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful

Sebastian Seliga 18:34 2025-04-28 UTC+2

Trading Signals for EUR/USD for April 28-30, 2025: sell below 1.1370 (21 SMA - 7/8 Murray)

On the other hand, if bearish pressure prevails and the euro consolidates below 1.1370, it could be seen as a sell signal with targets at the 6/8 Murray located

Dimitrios Zappas 16:29 2025-04-28 UTC+2

Trading Signals for GOLD (XAU/USD) for April 28-30, 2025: buy above $3,270 (21 SMA - 7/8 Murray)

The Eagle indicator is showing oversold signals, so we believe that gold could resume its bullish cycle in the short term after a technical correction and reach the psychological level

Dimitrios Zappas 16:25 2025-04-28 UTC+2

GOLD – Technical Analysis Overview

Last week, the bulls updated historical highs and formed a new maximum extremum at 3499.58. Afterward, gold entered a downward correction towards the support of the daily short-term trend

Evangelos Poulakis 06:49 2025-04-28 UTC+2

USD/JPY – Summary and Prospects

Last week, the market updated the low, but the sellers failed to continue the downward movement fully. This may have been because the previous week's low (141.63) was reinforced

Evangelos Poulakis 03:51 2025-04-28 UTC+2

Trading Signals for GOLD (XAU/USD) for April 25-29, 2025: buy above $3,270 (21 SMA - rebound)

Early in the American session, gold is trading around 3,276 with bearish pressure after finding strong resistance around 3,270, a level that coincided with the 38.2% Fibonacci retracement. Gold could

Dimitrios Zappas 18:02 2025-04-25 UTC+2

Forex forecast 25/04/2025: EUR/USD, GBP/USD, USD/JPY and Bitcoin

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful

Sebastian Seliga 12:25 2025-04-25 UTC+2

Trading Signals for EUR/USD for April 24-26, 2025: sell below 1.1435 (21 SMA - 7/8 Murray)

Early in the American session, the EUR/USD pair is trading around 1.1358 within the downtrend channel formed on April 18. The pair is under bearish pressure. We believe the instrument

Dimitrios Zappas 17:06 2025-04-24 UTC+2

Forex forecast 24/04/2025: EUR/USD, GBP/USD, SP500, Gold and Bitcoin

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful

Sebastian Seliga 13:25 2025-04-24 UTC+2

GOLD. Gold Prices May Significantly Decline in the Near Future

Gold prices have recently seen a notable correction amid market expectations of the start of real negotiations between the U.S. and China on tariffs and overall trade. Treasury Secretary

Pati Gani 09:38 2025-04-24 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.