Technical analysis of gold and silver (Andre Green) - Ester Holdings

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: $ 1493.00)


Gold remains under the pressure of optimism, forming lateral dynamics in attempts to correct after the decline.

  • Resistance 1: From $ 1500.00 (psychological level)
  • Resistance 2: From $ 1510.00 (psychological level)
  • Support 1: From $ 1480.00 (psychological level)
  • Support 2: From $ 1470.00 (psychological level)

Computer analysis: Movings indicators frex Stochastic Oscillator are in the overbought zone, indicating limited growth.

Silver chart (current price: $ 18.150)


Silver demonstrates restrained growth at the retreat from support, maintaining an uptrend, but limiting itself to the possibility of a flat formation.

  • Resistance 1: From $ 18.40 (technical level)
  • Resistance 2: From $ 18.60 (technical level)
  • Support 1: From $ 18.00 (technical level)
  • Support 2: From $ 17.80 (technical level)

Computer analysis: Movings indicators frex Stochastic Oscillator are in the neutral zone, indicating limited growth.

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