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: $ 1227.00)
Gold moved to a correction on the rebound from 1235.00, indicating the formation of a flat that can resume decline.
- 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 oversold zone, which keeps hopes for gold growth.
Silver Chart (current price: $ 15.50)
Silver also moved to correction after growth, remaining under pressure of downward dynamics.
- 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.