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: $ 1230.00)
Gold is trading lower at the beginning of the week to reduce risks and increase optimism.
- Resistance 1: From $ 1235.00 (technical level)
- Resistance 2: From $ 12405.00 (psychological level)
- Support 1: From $ 1225.00 (technical level)
- Support 2: From $ 1220.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic Oscilliator are in the oversold zone, indicating a limited decline.
Silver chart (current price: $ 14.60)
Silver was also under pressure from optimism, confirming keeping the sideways trend.
- Resistance 1: From $ 14.80 (technical level)
- Resistance 2: From $ 14.90 (technical level)
- Support 1: From $ 14.50 (technical level)
- Support 2: From $ 14.40 (technical level)
Computer analysis: Movings indicators forex Stochastic Oscilliator are in the neutral zone, indicating a limited decline.