Technical analysis of gold and silver (Andre Green)
Gold Chart (current price: $ 1259.00)
Gold accelerated decline on attempts to restore optimism and strengthening of the American dollar.
- Resistance 1: From $ 1265.00 (technical level)
- Resistance 2: From $ 1270.00 (technical level)
- Support 1: From $ 1255.00 (technical level)
- Support 2: From $ 1250.00 (technical level)
Computer analysis: Movings Indicators of the forex Stochastic Oscilliator are in the oversold zone, which limits further decline of the gold.
Silver Chart (current price: $ 16.20)
Silver also accelerated the decline on the resumption of the downward trend and the growth of the American dollar.
- Resistance 1: From $ 16.40 (technical level)
- Resistance 2: From $ 16.50 (technical level)
- Support 1: From $ 16.20 (technical level)
- Support 2: From $ 16.10 (technical level)
Computer analysis: Movings indicators of the forex Stochastic Oscilliator are in the neutral zone, but are limited to a downward trend.