Technical analysis of gold and silver (Alexander Sivtsov)

Gold (current price: $ 1273.50)

Gold is trading with a small minus during the Asian session.

Resistance 1: From $ 1283.30 (maximum of October 24)
Resistance 2: From $ 1290.70 (maximum of October 20)
Support 1: From $ 1268.00 (minimum of October 3)
Support 2: From $ 1260.30 (minimum of October 6)

Computer analysis: Stochastic Oscillator movings on the charts H1 and H4 indicate the oversold of the instrument. One should expect an upward correction in the price of gold during today’s trading.

Silver (current price: $ 16.85)

Silver also trades below the zero mark during the Asian session.

Resistance 1: From $ 17.11 (maximum of October 24)
Resistance 2: From $ 17.25 (maximum of October 20)
Support 1: From $ 16.70 (maximum of October 5)
Support 2: From $ 16.50 (minimum of October 4)

Computer analysis: Silver indicators of the indicator Stochastic Oscillator on the charts H1 and H4 also indicate oversold of the instrument, and therefore the situation may be similar to gold.