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.
- Resistance 1: From $ 1304.00 (technical level)
- Resistance 2: From $ 1308.00 (local maximum)
- Support 1: From $ 1295.00 (technical level)
- Support 2: From $ 1290.00 (technical level)
Computer analysis: The Stochastic Oscillator movings are in the neutral zone, while gold is limited in the reduction of MA 200.
Silver chart (current price: $ 16.40)
Silver also declined in weakening risks, but maintains an upward trend.
- Resistance 1: From $ 16.60 (technical level)
- Resistance 2: From $ 16.70 (technical level)
- Support 1: From $ 16.30 (technical level)
- Support 2: From $ 16.20 (May minimum)
Computer analysis: The Stochastic Oscillator movings are in the neutral zone, limited to an uptrend.