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: $ 1222.00)
Gold accelerated decline on the growth of optimism, but is limited to oversold.
- Resistance 1: From $ 1235.00 (technical level)
- Resistance 2: From $ 1240.00 (psychological level)
- Support 1: From $ 1220.00 (psychological level)
- Support 2: From $ 1215.00 (technical level)
Computer analysis: Movings indicators forex Stochastic Oscilliator are in the oversold zone, limiting the decline, but confirming the downward dynamics.
Silver Chart(current price: $ 15.40)
Silver also fell on American dollar’s growth and risk reduction, limited to oversold.
- Resistance 1: From $ 15.70 (psychological level)
- Resistance 2: From $ 15.80 (technical level)
- Support 1: From $ 15.40 (technical level)
- Support 2: From $ 15.30 (technical level)
Computer analysis: Movings indicators forex Stochastic Oscilliator are in the oversold zone, indicating a limited reduction, which also confirms the lower boundary of the upward channel.