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: $ 1488.00)
Gold shows moderate growth on the correction after the decline and weakening optimism in the market, while maintaining a common upward channel.
- 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 forex Stochastic Oscillator are in the overbought zone, indicating limited growth.
Silver chart (current price: $ 17.580)
Silver shows restrained attempts to recover, limiting itself in lowering to the lower boundary of the ascending channel.
- Resistance 1: From $ 17.800 (technical level)
- Resistance 2: From $ 18,000 (technical level)
- Support 1: From $ 17,400 (technical level)
- Support 2: From $ 17,200 (technical level)
Computer analysis: Movings indicators forex Stochastic Oscillator are in the neutral zone, indicating limited growth.