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: $ 1177.00)
Gold is traded with a slight strengthening on the correction after the decline, while limiting itself to a downward trend, which in the end may limit further decline in the value of gold.
- Resistance 1: From $ 1190.00 (psychological level)
- Resistance 2: From $ 1195.00 (technical level)
- Support 1: From $ 1170.00 (psychological level)
- Support 2: From $ 1160.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscilliator are in the neutral zone, preserving uncertainty.
Silver chart (current price: $ 14.70)
Silver remains in the correction phase, thereby adjusting in a downtrend.
- Resistance 1: From $ 14.80 (technical level)
- Resistance 2: From $ 15.00 (technical level)
- Support 1: From $ 14.30 (technical level)
- Support 2: From $ 14.20 (technical level)
Computer analysis: Movings indicators forex Stochastic are in the overbought zone, indicating a limited growth.