Technical analys of gold and silver (Anton Hanzenko)
Gold chart (current price: $ 1289.00)
Gold, after the decline, remains in the sideways trend near the lower border of the trading channel.
- Resistance 1: From $ 1300.00 (psychological level)
- Resistance 2: From $ 1305.00 (technical level)
- Support 1: From $ 1286.00 (May 16 minimum)
- Support 2: From $ 1280.00 (technical level)
Computer analysis: The Stochastic Oscillator movings are in the neutral zone, indicating the uncertainty of the asset.
Silver chart (current price: $ 16.35)
Silver remains in a general downward trend and maintains an established trading range.
- Resistance 1: From $ 16.40 (technical level)
- Resistance 2: From $ 16.60 (technical level)
- Support 1: From $ 16.20 (technical level)
- Support 2: From $ 16.00 (May minimum)
Computer analysis: The Stochastic Oscillator movings are in the neutral zone, which may indicate the formation of a flat.