Technical analysis of gold and silver (Andre Green)
Gold chart (current price: $ 1289.00)
Gold continues to trade with a slight decrease, remaining near the lower boundary of the annual channel.
- Resistance 1: From $ 1295.00 (technical level)
- Resistance 2: From $ 1300.00 (psychological level)
- Support 1: From $ 1285.00 (May 16 minimum)
- Support 2: From $ 1280.00 (technical level)
Computer analysis: The Stochastic Oscillator movings are located in the neutral zone, preserving the uncertainty of gold.
Silver chart (current price: $ 16.42)
Silver remains in a general downward trend and maintains an established trading range.
- Resistance 1: From $ 16.40 (technical level)
- Resistance 2: From $ 16.60 (technical level)
- Support 1: From $ 16.20 (technical level)
- Support 2: From $ 16.00 (May minimum)
Computer analysis: The Stochastic Oscillator movings are in the neutral zone, despite the corrective movement.