Technical analys of gold and silver (Anton Hanzenko)
Gold chart (current price: $ 1319.00)
Gold has formed a “double bottom” and is trading in an emerging trend during development.
- Resistance 1: From $ 1322.00 (local maximum)
- Resistance 2: From $ 1324.00 (April 30 maximum)
- Support 1: From $ 1318.00 (technical level)
- Support 2: From $ 1316.00 (technical level)
Computer analysis: The Stochastic Oscillator movings are in the oversold zone, confirming the uptrend.
Silver chart (current price: $ 16.70)
Silver emerged from the lateral trend, forming an ascending channel.
- Resistance 1: From $ 16.75 (technical level)
- Resistance 2: From $ 16.85 (technical level)
- Support 1: From $ 16.60 (technical level)
- Support 2: From $ 16.50 (technical level)
Computer analysis: The Stochastic Oscillator movings on H4 in the overbought zone, but retain an upward trend.