Technical analysis of gold and silver (Alexander Sivtsov)
Gold chart (current price: $ 1325.08)
Gold is traded near the zero mark during the Asian session.
- Resistance 1: From $ 1340.00 (technical level)
- Resistance 2: From $ 1356.83 (March 27 maximum)
- Support 1: From $ 1310.00 (technical level)
- Support 2: From $ 1300.00 (psychological level)
Computer analysis: The Stochastic Oscillator movings on the chart of H1 indicate overbought of the instrument, against which the decline in the price of gold is possible.
Silver Schedule (current price: $ 16.258)
Silver is traded with a small minus during the Asian session.
- Resistance 1: From $ 16.44 (MA 200 on H1)
- Resistance 2: From $ 16.60 (technical level)
- Support 1: From $ 16.15 (technical level)
- Support 2: From $ 16.00 (psychological level)
Computer analysis: The Stochastic Oscillator movings on the chart of H1 indicate overbought of the instrument, the resumption of the decline in the price of silver is possible.