Technical analysis of gold and silver (Alexander Sivtsov)
Gold (current price: $ 1304.00)
Gold is near the opening price in the Asian session.
- Resistance 1: from $ 1313.30 (maximum of September 26)
- Resistance 2: from $ 1320.00 (accumulation of lows on September 14-15)
- Support 1: from $ 1289.40 (minimum of October 12)
- Support 2: from $ 1284.30 (minimum of October 11)
Computer analysis: the Stochastic Oscilliator behaviours on the D1 chart are still above level 75, which signals a decrease in the price of the instrument in the odd come shortly.
Silver (current price: $ 17.35)
Silver is also trading with a small plus in the Asian session.
- Resistance 1: from $ 17.81 (maximum of September 15)
- Resistance 2: from $ 18.00 (psychological level)
- Support 1: from $ 17.00 (psychological level)
- Support 2: from $ 16.84 (maximum of October 4)
Computer analysis: the Stochastic Oscilliator behaviours on the D1 chart are also above the 75 level, that is why it is expected decrease in price of the instrument in the next few days.