Technical analysis of gold and silver (Andre Green)
Gold chart (current price: $ 1282.00)
Gold accelerated decline on the general growth of optimism and a decrease in the demand for safe assets.
- Resistance 1: From $ 1287.00 (technical level)
- Resistance 2: From $ 1295.00 (technical level)
- Support 1: From $ 1280.00 (psychological level)
- Support 2: From $ 1275.00 (technical level)
Computer analysis: The Stochastic Oscillator movings are in the oversold zone, which confirms the oversold of gold on the sale.
Silver chart (current price: $ 16.28)
Silver accelerated the decline on general optimism, but is limited to last week’s low and oversold.
- Resistance 1: From $ 16.50 (technical level)
- Resistance 2: From $ 16.70 (technical level)
- Support 1: From $ 16.20 (minimum of the last week)
- Support 2: From $ 16.00 (May minimum)
Computer analysis: The Stochastic Oscillator movings are in the oversold zone, confirming the oversold value of this asset.