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: $ 1203.00)
Gold remains at the opening level of the week, slowing the two-month downtrend.
- Resistance 1: From $ 12105.00 (psychological level)
- Resistance 2: From $ 1220.00 (psychological level)
- Support 1: From $ 1195.00 (technical level)
- Support 2: From $ 1190.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscilliator are in the oversold zone, which indicates a limited correction.
Silver chart (current price: $ 14.80)
Silver passed also is traded in flat, limited to a downward trend.
- Resistance 1: From $ 14.90 (technical level)
- Resistance 2: From $ 15.00 (psychological level)
- Support 1: From $ 14.70 (technical level)
- Support 2: From $ 14.60 (technical level)
Computer analysis: Movings indicators forex Stochastic Oscilliator are in the oversold zone, limiting the decline.