Technical analysis of gold and silver (Andre Green)
Gold Chart (current price: $ 1250.00)
Gold came out of the downtrend on the weakness of the dollar, but it is too early to talk about the reversal of the trend because of the ambiguity in the market .
- Resistance 1: From $ 1255.00 (technical level)
- Resistance 2: From $ 1260.00 (psychological level)
- Support 1: From $ 1245.00 (technical level)
- Support 2: From $ 1240.00 (psychological level)
Computer analysis: Movings indicators of the forex Stochastic Oscilliator are in the neutral zone, indicating the safety of the downward trend.
Silver Chart (current price: $ 16.10)
Silver also slowed the decline, but overall downward dynamics persists.
- Resistance 1: From $ 16.20 (technical level)
- Resistance 2: From $ 16.40 (technical level)
- Support 1: From $ 15.90 (technical level)
- Support 2: From $ 15.80 (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.