Technical analysis of gold and silver (Alexander Sivtsov)
Gold chart (current price: $ 1309.50)
Gold is trading below the zero mark during the Asian session.
- Resistance 1: From $ 1321.40 (March 16 maximum)
- Resistance 2: From $ 1329.70 (March 14 maximum)
- Support 1: From $ 1302.50 (March 1 minimum)
- Support 2: From $ 1295.00 (technical level)
Computer analysis: The movings of the forex indicator Stochastic Oscilliator on the H1 chart are in the neutral zone, against which one should expect the formation of consolidation of the price of gold.
Silver chart (current price: $ 16.22)
Silver is traded with a small minus during the Asian session.
- Resistance 1: From $ 16.45 (March 16 maximum)
- Resistance 2: From $ 16.60 (technical level)
- Support 1: From $ 16.00 (psychological level)
- Support 2: From $ 15.85 (technical level)
Computer analysis: For silver, the movings of the forex indicator Stochastic Oscilliator on the H1 chart are in the neutral zone, against which the silver price movement may move in a narrow range.