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: $ 1194.00)
Gold moved to a correction on repulse from the level of 1205.00, thereby confirming its restraint downtrend.
- Resistance 1: From $ 1200.00 (psychological level)
- Resistance 2: From $ 1205.00 (technical level)
- Support 1: From $ 1190.00 (psychological level)
- Support 2: From $ 1185.00 (technical level)
Computer analysis: Movings indicators forex Stochastic Oscilliator are in the neutral zone, limiting the possibility of a significant decline.
Silver chart (current price: $ 14.40)
Silver was also under the pressure on correction.
- Resistance 1: From $ 14.60 (technical level)
- Resistance 2: From $ 14.870 (technical level)
- Support 1: From $ 14.30 (technical level)
- Support 2: From $ 14.20 (technical level)
Computer analysis: Movings indicators forex Stochastic Oscilliator are in the neutral zone, indicating a limited decline.