Technical analysis of gold and silver (Alexander Sivtsov)
Gold chart (current price: $ 1325.50)
Gold is trading near the zero mark during the Asian session.
- Resistance 1: From $ 1340.70 (February 26 maximum)
- Resistance 2: From $ 1348.00 (technical level)
- Support 1: From $ 1312.60 (March 9 minimum)
- Support 2: From $ 1302.50 (March 1 minimum)
Computer analysis: The movings of the Stochastic Oscilliator forex indicator on the chart H1 are in the neutral zone, against which one should expect the formation of consolidation of the price of gold.
Silver chart (current price: $ 16.55)
Silver is traded with a small minus during the Asian session.
- Resistance 1: From $ 16.82 (March 6 maximum)
- Resistance 2: From $ 16.93 (February 15 maximum)
- Support 1: From $ 16.31 (March 9 minimum)
- Support 2: From $ 16.15 (technical level)
Computer analysis: For silver, the movings of the Stochastic Oscilliator forex indicator on the chart H1 are in the neutral zone, against which the silver price movement may move in a narrow range.