Technical analysis of gold and silver (Alexander Sivtsov)
Gold chart (current price: $ 1313.00)
Gold is traded near the zero mark during the Asian session.
- Resistance 1: From $ 1332.00 (February 7 maximum)
- Resistance 2: From $ 1345.80 (February 6 maximum)
- Support 1: From $ 1300.00 (psychological level)
- Support 2: From $ 1288.00 (technical level)
Computer analysis: The Stochastic Oscillator movings on the chart of H4 indicate the oversold of the instrument, one should expect a recovery in the price of gold.
Silver chart (current price: $ 16.32)
Silver is traded with a plus during the Asian session.
- Resistance 1: From $ 16.53 (February 6 minimum)
- Resistance 2: From $ 16.73 (February 7 maximum)
- Support 1: From $ 16.15 (technical level)
- Support 2: From $ 16.00 (technical level)
Computer analysis: The Stochastic Oscillator movings on the chart of H4 indicate the oversold of the instrument, the rise of the silver price is possible.