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: $ 1180.00)
Gold is traded with a strengthening on the correction after the minimum is updated, thereby indicating the formation of the correction phase in a downtrend.
- Resistance 1: From $ 1185.00 (technical level)
- Resistance 2: From $ 1190.00 (psychological level)
- Support 1: From $ 1170.00 (psychological level)
- Support 2: From $ 1160.00 (psychological level)
Computer analysis: Movings indicators forex Stochastic are in the overbought zone, indicating the limitations of further growth.
Silver chart (current price: $ 14.60)
Silver also moved to correction after a sharp decline yesterday.
- Resistance 1: From $ 14.80 (technical level)
- Resistance 2: From $ 15.00 (technical level)
- Support 1: From $ 14.30 (technical level)
- Support 2: From $ 14.20 (technical level)
Computer analysis: Movings indicators forex Stochastic are in the overbought zone, indicating a limited growth.