Technical analysis of gold and silver (Andre Green)
Gold Chart (current price: $ 1298.00)
Gold is trading with the strengthening, despite the growth of optimism and the formation of the reversal model “head and shoulders.”
- Resistance 1: From $ 1300.00 (psychological level)
- Resistance 2: From $ 1304.00 (technical level)
- Support 1: From $ 1295.00 (technical level)
- Support 2: From $ 1292.00 (technical level)
Computer analysis: The movings of the Stochastic Oscilliator forex indicator in the zone of easy overbought, which will limit the growth of gold.
Silver Chart (current price: $ 16.70)
Silver is trading near weekly highs, thereby maintaining the potential for growth on maintaining the uptrend.
- Resistance 1: From $ 16.70 (technical level)
- Resistance 2: From $ 16.80 (maximum of recent weeks)
- Support 1: From $ 16.50 (technical level)
- Support 2: From $ 16.30 (technical level)
Computer analysis: The movings of the Stochastic Oscilliator forex indicator in the overbought zone, which can cause correction.