Technical analysis of gold and silver (Andre Green)
Gold chart (current price: $ 1296.00)
Gold is traded in flat due to the uncertainty regarding the downtrend.
- Resistance 1: From $ 1303.00 (technical level)
- Resistance 2: From $ 1308.00 (technical level)
- Support 1: From $ 1390.00 (technical level)
- Support 2: From $ 1285.00 (technical level)
Computer analysis: The Stochastic Oscillator movings are in the slight overbought zone due to the persistence of uncertainty about gold.
Silver chart (current price: $ 16.40)
Silver also remains uncertain about the preservation of trends.
- Resistance 1: From $ 16.50 (technical level)
- Resistance 2: From $ 16.60 (technical level)
- Support 1: From $ 16.30 (technical level)
- Support 2: From $ 16.20 (May minimum)
Computer analysis: The Stochastic Oscillator movings are in the neutral zone, confirming the uncertainty of the asset and preserving the potential for decline.