Technical analysis of gold and silver (Alexander Sivtsov)

Gold (current price: $ 1269.00)

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

Resistance 1: From $ 1279.00 (October 24 maximum)
Resistance 2: From $ 1283.30 (October 24 maximum)
Support 1: From $ 1260.30 (October 6 minimum)
Support 2: With $ 1254.00 (the support level of Up Channel on D1)

Computer analysis: The Stochastic Oscillator movings on the H4 indicate the oversold of the instrument. That is why today one should expect an upward correction in the price of gold.

Silver (current price: $ 16.85)

Silver is trading above the zero mark during the Asian session.

Resistance 1: From $ 17.14 (November 3 maximum)
Resistance 2: From $ 17.42 (October 16 maximum)
Support 1: From $ 16.56 (October 27 minimum)
Support 2: From $ 16.28 (October 6 minimum)

Computer analysis: The Stochastic Oscillator on the H4 also indicate oversold. So, the situation can be similar to gold.