Technical analysis of gold and silver (Alexander Sivtsov)
Gold chart (current price: $ 1290.20)
Gold is trading above the zero mark during the Asian session.
- Resistance 1: From $ 1296.70 (November 17 maximum)
- Resistance 2: From $ 1305.70 (October 16 maximum)
- Support 1: From $ 1283.50 (MA 200 on H1)
- Support 2: From $ 1274.30 (November 20 minimum)
Computer analysis: The Stochastic Oscillator movings on the charts H4 and D1 are in the neutral zone, so the continuation of the consolidation of the gold price is possible.
Silver chart (current price: $ 17.07)
Silver is trading with a small plus mark during the Asian session.
- Resistance 1: From $ 17.33 (November 17 maximum)
- Resistance 2: From $ 17.42 (Low resistance line of the channel on W1)
- Support 1: From $ 16.73 (November 3 minimum)
- Support 2: From $ 16.56 (October 27 minimum)
Computer analysis: The Stochastic Oscillator movings on the charts H4 and D1 are in the neutral zone, so the situation can be similar to gold.