Technical analysis of gold and silver (Alexander Sivtsov)
Gold chart (current price: $ 1335.70)
Gold is traded below the zero mark during the Asian session.
- Resistance 1: From $ 1356.80 (January 26 maximum)
- Resistance 2: From $ 1365.70 (January 25 maximum))
- Support 1: From $ 1323.90 (January 18 minimum)
- Support 2: From $ 1315.00 (technical level)
Computer analysis: The Stochastic Oscillator movinhs on the charts of H1 and H4 indicate the oversold of the instrument. One should expect the recovery of the price of gold.
Silver chart (current price: $ 17.07)
Silver is traded with a minus during the Asian session.
- Resistance 1: From $ 17.28 (January 26 minimum)
- Resistance 2: From $ 17.49 (January 26 maximum)
- Support 1: From $ 16.90 (technical level)
- Support 2: From $ 16.70 (January 23 minimum)
Computer analysis: The Stochastic Oscillator movings on the charts of H1 and H4 indicate the oversold of the instrument. The price of silver is possible.