Technical analysis of gold and silver (Andre Green)
Forex indicators used in Technical analysis: MACD, RSI, Ichimoku Kinko Hyo, Equal-channel, Fibonacci lines, Price Levels.
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Gold chart (current price: $ 1300.00)
Gold has moved to a restrained correction after growth, but doesn’t hurry to decline as risks increase.
- Resistance 1: From $ 1305.00 (technical level)
- Resistance 2: From $ 1310.00 (psychological level)
- Support 1: From $ 1295.00 (technical level)
- Support 2: From $ 1290.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the oversold zone, indicating a limited decline.
Silver chart (current price: $ 15.70)
Silver also slowed growth on attempts of correction, staying near monthly highs.
- Resistance 1: From $ 15.80 (technical level)
- Resistance 2: From $ 15.90 (technical level)
- Support 1: From $ 15.60 (technical level)
- Support 2: From $ 15.50 (technical level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating a limited decline.