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: $ 1228.00)
Gold is trading with a strengthening on the correction, but doesn’t hurry to refract the downward trend.
- Resistance 1: From $ 1230.00 (psychological level)
- Resistance 2: From $ 1235.00 (technical level)
- Support 1: From $ 1220.00 (psychological level)
- Support 2: From $ 1215.00 (technical level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the overbought zone, which may serve as a reason for the resumption of the decline.
Silver Chart (current price: $ 15.50)
Silver also went to correction, but is limited to a downward trend.
- Resistance 1: From $ 15.70 (technical level)
- Resistance 2: From $ 15.80 (technical level)
- Support 1: From $ 15.40 (technical level)
- Support 2: From $ 15.30 (technical level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, which preserves uncertainty.