Technical analysis of gold and silver (Andre Green)
Gold Chart (current price: $ 1296.00)
Gold is traded with a slight decrease, despite the growth of risks, but is limited in reducing the lower boundary of the upward channel.
- Resistance 1: From $ 1300.00 (psychological level)
- Resistance 2: From $ 1305.00 (local maximum)
- Support 1: From $ 1291.00 (technical level)
- Support 2: From $ 1287.00 (technical level)
Computer analysis: The movings of the Stochastic Oscillator forex indicator are in the neutral zone after updating the minimum, which can serve as a signal for strengthening.
Silver Chart (current price: $ 16.60)
Silver also weakened, despite the growth of risks, thereby breaking off from the upper boundary of the upward channel.
- Resistance 1: From $ 16.70 (technical level)
- Resistance 2: From $ 16.90 (maximum of recent weeks)
- Support 1: From $ 16.50 (technical level)
- Support 2: From $ 16.30 (technical level)
Computer analysis: The movings of the Stochastic Oscillator forex indicator are in the neutral zone on the preservation of uncertainty.