Technical analys of gold and silver (Anton Hanzenko)
Gold chart (current price: $ 1311.00)
Gold remains in the ascending channel, while limiting itself to the reversal formation “head and shoulders”.
- Resistance 1: From $ 1320.00 (psychological level)
- Resistance 2: From $ 1325.00 (technical level)
- Support 1: From $ 1310.00 (technical level)
- Support 2: From $ 1305.00 (technical level)
Computer analysis: The Stochastic Oscillator movings are in the oversold zone, which is also preserved on H4. As a result, this indicator confirms the oversold of gold and the uptrend.
Silver chart (current price: $ 16.45)
Silver broke the upward trend in the development of the figure “head and shoulders”, but is limited to oversold.
- Resistance 1: From $ 16.60 (technical level)
- Resistance 2: From $ 16.70 (technical level)
- Support 1: From $ 16.30 (technical level)
- Support 2: From $ 16.20 (technical level)
Computer analysis: The Stochastic Oscillator movings are in the oversold zone, which can cause correction.