Technical analysis of gold and silver (Andre Green)
Gold chart (current price: $ 1296.00)
Gold remains in a sideways trend, receiving little support on growing fears.
- Resistance 1: From $ 1295.00 (technical level)
- Resistance 2: From $ 1300.00 (psychological level)
- Support 1: From $ 1285.00 (technical level)
- Support 2: From $ 1280.00 (psychological level)
Computer analysis: The Stochastic Oscillator movings are in the slight oversold zone, indicating the limited growth.
Silver chart (current price: $ 16.50)
Silver is reservedly traded near the upper boundary of the descending channel, waiting for drivers to move.
- Resistance 1: From $ 16.55 (technical level)
- Resistance 2: From $ 16.70 (technical level)
- Support 1: From $ 16.35 (technical level)
- Support 2: From $ 16.20 (May minimum)
Computer analysis: The Stochastic Oscillator moving are in the slight overbought zone, limiting further strengthening.