Technical analys of gold and silver (Anton Hanzenko)
Gold chart(current price: $ 1320.00)
Gold remains in the ascending channel, while it can be limited to the reversal formation “head and shoulders”.
- Resistance 1: From $ 1322.00 (local maximum)
- Resistance 2: From $ 1330.00 (technical level)
- Support 1: From $ 1316.00 (technical level)
- Support 2: From $ 1310.00 (technical level)
Computer analysis: The Stochastic Oscillator movings are in the oversold zone, which confirms the trend.
Silver chart (current price: $ 16.70)
Silver maintains a general uptrend, limited to overbought.
- Resistance 1: From $ 16.80 (technical level)
- Resistance 2: From $ 16.90 (technical level)
- Support 1: From $ 16.60 (technical level)
- Support 2: From $ 16.50 (technical level)
Computer analysis: The Stochastic Oscillator movings are in the overbought zone, which may indicate the formation of a flat.