Technical analysis of gold and silver (Alexander Sivtsov)
Gold chart (current price: $ 1319.01)
Gold is trading below the zero mark during the Asian session.
- Resistance 1: From $ 1332.65 (April 24 maximum)
- Resistance 2: With $ 1342.50 (resistance line of the Low channel on H1)
- Support 1: From $ 1309.00 (technical level)
- Support 2: From $ 1300.00 (psychological level)
Computer analysis: The Stochastic Oscillator movings on the chart H1 indicate the oversold of the instrument, against which the resumption of the growth of the price of gold is possible.
Silver chart (current price: $ 16.425)
Silver is trading with a small plus during the Asian session.
- Resistance 1: From $ 16.60 (technical level)
- Resistance 2: C $ 17.80 (MA 200 on H1)
- Support 1: From $ 16.25 (technical level)
- Support 2: From $ 16.10 (technical level)
Computer analysis: The Stochastic Oscillator movings on the chart H1 indicate the oversold of the instrument, against the background of which the recovery of the price of silver is possible.