Technical analysis of gold and silver (Andre Green)
Gold chart (current price: $ 1296.00)
Gold is limited to correction at the beginning of the day on attempts to restore the downward trend.
- Resistance 1: From $ 1300.00 (psychological level)
- Resistance 2: From $ 1306.00 (May 31 maximum)
- Support 1: From $ 1290.00 (technical level)
- Support 2: From $ 1287.00 (technical level)
Computer analysis: The Stochastic Oscillator movings are in the neutral zone, while maintaining the potential for decline, which can be limited to minima.
Silver chart (current price: $ 16.50)
Silver is traded near weekly highs, thereby maintaining the potential for growth in the formation of a “double bottom”.
- Resistance 1: From $ 16.60 (technical level)
- Resistance 2: From $ 16.70 (maximum of recent weeks)
- Support 1: From $ 16.40 (technical level)
- Support 2: From $ 16.30 (technical level)
Computer analysis: The Stochastic Oscillator movings are in the neutral zone, limited to slight overbought.