Technical analysis of gold and silver (Alexander Sivtsov)
Gold chart (current price: $ 1318.20)
Gold is traded below the zero mark during the Asian session.
- Resistance 1: From $ 1328.70 (March 8 maximum)
- Resistance 2: From $ 1340.70 (February 26 maximum)
- Support 1: From $ 1310.00 (technical level)
- Support 2: From $ 1302.50 (March 1 minimum)
Computer analysis: The Stochastic Oscillator movings on the H4 chart indicate the oversold of the instrument, so one should expect the resumption of the growth of the price of gold.
Silver chart (current price: $ 16.40)
Silver is traded with a minus during the Asian session.
- Resistance 1: From $ 16.57 (technical level)
- Resistance 2: From $ 16.82 (March 6 maximum)
- Support 1: From $ 16.15 (technical level)
- Support 2: From $ 16.00 (psychological level)
Computer analysis: The Stochastic Oscillator movings on the H4 chart are in the neutral zone, consolidation of the price of silver is possible.