Technical analysis of gold and silver (Alexander Sivtsov)

Gold chart (current price: $ 1283.60)

Gold is trading with a small plus during the Asian session.

Resistance 1: From $ 1290.70 (October 20 maximum)
Resistance 2: From $ 1300.00 (psychological level)
Support 1: From $ 1275.00 (MA 200 on H1)
Support 2: From $ 1265.20 (November 3 minimum)

Computer analysis: Gold continues to move in predominantly flat zone in the short-term period, the Stochastic Oscillator movings on the H4 chart are in the neutral zone. One should expect the continuation of the flat movement on gold.

Silver chart (current price: $ 17.07)

Silver is trading just below the zero mark during the Asian session.

Resistance 1: From $ 17.25 (October 20 maximum)
Resistance 2: From $ 17.42 (October 16 maximum)
Support 1: From $ 16.73 (November 3 minimum)
Support 2: From $ 16.56 (October 27 minimum)

Computer analysis: The Stochastic Oscillator movings on the H4 chart are also in the neutral zone, so the situation can be similar to gold.