Technical analysis of gold and silver (Andre Green)
Gold Chart (current price: $ 1258.00)
Gold moved to a correction on the weakening of the US dollar, which could cause an increase to 12,650, but is still limited by a downtrend.
- Resistance 1: From $ 1265.00 (technical level)
- Resistance 2: From $ 1270.00 (psychological level)
- Support 1: From $ 1255.00 (technical level)
- Support 2: From $ 1250.00 (psychological level)
Computer analysis: Movings indicators of the fores Stochastic Oscilliator are in the overbought zone, indicating the limited movement.
Silver Chart (current price: $ 16.20)
Silver also slowed the decline, but overall dynamics is more limited by flat and a general downtrend.
- Resistance 1: From $ 16.40 (technical level)
- Resistance 2: From $ 16.50 (technical level)
- Support 1: From $ 16.20 (technical level)
- Support 2: From $ 16.10 (technical level)
Computer analysis: Movings indicators of the forex Stochastic Oscilliator are in the overbought zone, which is limited by the strengthening of silver.
Forex indicators used in Technical analysis: MACD, RSI, Ichimoku Kinko Hyo, Equal-channel, Fibonacci lines, Price Levels.