Technical analysis of gold and silver (Alexander Sivtsov)
Gold chart (current price: $ 1290.80)
Gold is trading below the zero mark during the Asian session.
- Resistance 1: From $ 1300.00 (psychological level)
- Resistance 2: From $ 1305.70 (October 16 maximum)
- Support 1: From $ 1274.80 (November 16 minimum)
- Support 2: From $ 1269.70 (November 14 minimum)
Computer analysis: The Stochastic Oscillator movings on the chart H1 indicate the oversold of the instrument, against which it is possible to restore the growth of the gold price.
Silver chart (current price: $ 17.11)
Silver is trading with a minus during the Asian session.
- Resistance 1: From $ 17.33 (November 17 maximum)
- Resistance 2: From $ 17.42 (October 16 maximum)
- Support 1: From $ 16.90 (November 15 minimum)
- Support 2: From $ 16.73 (November 3 minimum)
Computer analysis: The Stochastic Oscillator movings on the chart H1 indicate the oversold of the instrument, one can expect a possible recovery in the silver price.