Technical analysis of gold and silver (Andre Green)
Gold Chart (current price: $ 1250.00)
Gold keeps a downward dynamic on the growth of the American dollar, but is limited by oversold.
- Resistance 1: From $ 1260.00 (psychological level)
- Resistance 2: From $ 1265.00 (technical level)
- Support 1: From $ 1240.00 (psychological level)
- Support 2: From $ 1235.00 (technical level)
Computer analysis: Movings Indicator forex Stochastic Oscilliator are in the oversold zone, which will limit the decline in gold in the near future.
Silver Chart (current price: $ 16.10)
Silver slowed down, but overall dynamics is more limited by flat and general upward trend.
- Resistance 1: From $ 16.20 (technical level)
- Resistance 2: From $ 16.30 (technical level)
- Support 1: From $ 16.00 (technical level)
- Support 2: From $ 19.90 (technical level)
Computer analysis: Movings indicators of the forex Stochastic Oscilliator are in the neutral zone, while maintaining the potential for decline.
Forex indicators used in Technical analysis: MACD, RSI, Ichimoku Kinko Hyo, Equal-channel, Fibonacci lines, Price Levels.