Technical analysis of gold and silver (Andre Green)
Gold chart (current price: $ 1298.00)
Gold turned out to be under pressure due to the reduction of risks, but maintains an upward trend and the potential for growth.
Gold turned out to be under pressure due to the reduction of risks, but maintains an upward trend and the potential for growth.
Oil remains under pressure, despite data on the reduction in oil reserves in the US, which is due to concerns about increasing oil production.
The Brent is traded at the opening level of Thursday, forming a reversal model “head and shoulders.”
Gold chart (current price: $ 1306.00)
Gold retains an upward trend in the resumption of trade confrontation and the weakness of the American.
Oil went to correction after a rapid rise yesterday on the American weakness and risk reduction.
The Brent brand is traded with a slight decrease after yesterday’s growth, thereby shifting priorities to strengthening of oil.
Gold forms a double top, which confirms the possibility of reduction of this asset.