Technical analysis of gold and silver (Alexander Sivtsov)

Gold (current price: $ 1274.90)

Gold is trading with a plus during the Asian session.

Resistance 1: From $ 1283.30 (October 24 maximum)
Resistance 2: From $ 1290.70 (October 20 maximum)
Support 1: From $ 1266.00 (support line of Up channel on H4)
Support 2: From $ 1260.30 (October 6 minimum)

Computer analysis: In the short-term period, gold moves in the predominant flat. While the Stochastic Oscillator movings on the N1 chart indicate overbought of the instrument. One can expect a decline in the gold price.

Silver (current price: $ 16.83)

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

Resistance 1: From $ 17.00 (psychological level)
Resistance 2: From $ 17.11 (October 24 maximum)
Support 1: From $ 16.50 (October 4 minimum)
Support 2: From $ 16.28 (October 6 minimum)

Computer analysis: Silver also moves in flat. The movings of the Stochastic Oscillator indicator on the chart H1 also indicate the overbought of the silver. So, the situation can be similar to gold.