Technical analysis of gold and silver (Andre Green)
Gold chart (current price: $ 1291.00)
Gold leads lateral dynamics in the lateral triangle, despite the changes in sentiments in the Forex market.
- Resistance 1: From $ 1295.00 (technical level)
- Resistance 2: From $ 1300.00 (psychological level)
- Support 1: From $ 1285.00 (technical level)
- Support 2: From $ 1280.00 (psychological level)
Computer analysis: The Stochastic Oscillator movings are in the neutral zone, which indicates the possibility of growth on the weakness of the American.
Silver chart (current price: $ 16.50)
Silver maintains a moderately upward momentum, but is limited to a general downward trend.
- Resistance 1: From $ 16.60 (technical level)
- Resistance 2: From $ 16.70 (technical level)
- Support 1: From $ 16.40 (technical level)
- Support 2: From $ 16.20 (May minimum)
Computer analysis: The Stochastic Oscillator movings are in the neutral zone, after exiting from oversold zone. At the same time, silver remains near the balance line MA 200.