Technical analysis of gold and silver (Alexander Sivtsov)
Gold chart (current price: $ 1327.30)
Gold is traded below the zero mark during the Asian session.
- Resistance 1: From $ 1344.50 (February 16 minimum)
- Resistance 2: From $ 1356.80 (February 15 maximum)
- Support 1: From $ 1318.10 (February 14 minimum)
- Support 2: From $ 1306.80 (February 8 minimum)
Computer analysis: The Stochastic Oscillator movings on the chart of H4 indicate oversold of the instrument, so the recovery of the price of gold is possible.
Silver chart (current price: $ 16.38)
Silver is traded with a minus during the Asian session.
- Resistance 1: From $ 16.62 (February 20 maximum)
- Resistance 2: From $ 16.75 (resistance line of the Low channel on H1)
- Support 1: From $ 16.20 (February 8 minimum)
- Support 2: From $ 16.00 (psychological level)
Computer analysis: The Stochastic Oscillator indicator on the chart H4 indicate oversold of the instrument, so one should expect a slight increase in the price of silver.