Technical analysis of gold and silver (Andre Green)
Gold chart (current price: $ 1296.00)
Gold is under pressure at the beginning of the day on the resumption of optimism in the stock markets, but at the same time limited to last week’s lows.
- Resistance 1: From $ 1308.00 (technical level)
- Resistance 2: From $ 1315.00 (technical level)
- Support 1: From $ 1392.00 (technical level)
- Support 2: From $ 1285.00 (technical level)
Computer analysis: The Stochastic Oscillator movings are in the neutral zone, keeping the potential for decline.
Silver chart (current price: $ 16.45)
Silver is moderately weakening on the growth of optimism at the beginning of the day, while continuing to maintain an upward trend.
- Resistance 1: From $ 16.60 (technical level)
- Resistance 2: From $ 16.80 (technical level)
- Support 1: From $ 16.40 (technical level)
- Support 2: From $ 16.30 (May minimum)
Computer analysis: The Stochastic Oscillator movings are in the neutral zone confirming the uncertainty of the asset.