Technical analysis of gold and silver (Andre Green)
Gold chart (current price: $ 1302.00)
Gold fell under the pressure of correction after rapid growth yesterday on the general flight from risks.
- Resistance 1: From $ 1308.00 (technical level)
- Resistance 2: From $ 1311.00 (technical level)
- Support 1: From $ 1300.00 (psychological level)
- Support 2: From $ 1295.00 (technical level)
Computer analysis: The Stochastic Oscillator movings are in the neutral zone, keeping the potential for growth.
Silver chart (current price: $ 16.60)
Silver also strengthened on the flight from risks, thereby breaking the monthly decline.
- Resistance 1: From $ 16.70 (technical level)
- Resistance 2: From $ 16.80 (technical level)
- Support 1: From $ 16.50 (technical level)
- Support 2: From $ 16.40 (May minimum)
Computer analysis: The Stochastic Oscillator movings are in the neutral zone after exit from oversold zone, which may serve as an excuse for updating the maximum.