Technical analysis of gold and silver (Andre Green)
Gold Chart (current price: $ 1296.00)
Gold is trading at the opening level of the day, keeping the potential to decline on the growth of optimism.
- Resistance 1: From $ 1280.00 (psychological level)
- Resistance 2: From $ 1285.00 (local maximum)
- Support 1: From $ 1265.00 (technical level)
- Support 2: From $ 1260.00 (technical level)
Computer analysis: Moving indicators of the forex Stochastic Oscilliator are in the neutral zone after the minimum is updated, which confirms the downward trend.
Silver Chart (current price: $ 16.40)
Silver has strengthened on the decline of the American dollar, but is limited to overbought.
- Resistance 1: From $ 16.50 (technical level)
- Resistance 2: From $ 16.90 (technical level)
- Support 1: From $ 16.30 (technical level)
- Support 2: From $ 16.10 (technical level)
Computer analysis: Moving indicators of the forex Stochastic Oscilliator are in the overbought zone due to the formation of correction.