Technical analys of gold and silver (Anton Hanzenko)
Gold chart (current price: $ 1309.00)
Gold resumed a decline due to the reduction of risks, while limiting itself to a restrained upward trend.
- Resistance 1: From $ 1316.00 (technical level)
- Resistance 2: From $ 1320.00 (technical level)
- Support 1: From $ 1306.00 (May 8 minimum)
- Support 2: From $ 1304.00 (May 1 minimum)
Computer analysis: The Stochastic Oscillator movings are in the oversold zone, which eventually slows down further gold decline.
Silver chart (current price: $ 16.410)
Silver is trading with a slight decline in the Asian session.
- Resistance 1: From $ 16.60 (technical level)
- Resistance 2: From $ 16.70 (April 24 maximum)
- Support 1: From $ 16.30 (technical level)
- Support 2: From $ 16.20 (April 4 minimum)
Computer analysis: The Stochastic Oscilliator movings are in the neutral zone, confirming the lateral trend.