Technical analysis of gold and silver (Alexander Sivtsov)
Gold chart (current price: $ 1345.38)
Gold is traded near the zero mark during the Asian session.
- Resistance 1: From $ 1356.83 (March 27 maximum)
- Resistance 2: From $ 1365.24 (April 11 maximum)
- Support 1: From $ 1332.78 (April 13 minimum)
- Support 2: From $ 1321.00 (technical level)
Computer analysis: The Stochastic Oscillator movings on the chart of H4 are in the neutral zone, against which the continuation of the consolidation of the price of gold is possible.
Silver chart (current price: $ 16.813)
Silver is traded with a plus during the Asian session.
- Resistance 1: From $ 16.900 (resistance line of Up channel on H1)
- Resistance 2: From $ 17.00 (psychological level)
- Support 1: From $ 16,560 (MA 200 on H1)
- Support 2: From $ 16,420 (April 13 minimum)
Computer analysis: The Stochastic Oscillator movings on the chart of H4 is included in the oversold zone, against which a decline in the price of silver in the second half of the trading on Wednesday is possible.