Technical analysis of gold and silver (Alexander Sivtsov)
Gold chart (current price: $ 1325.21)
Gold is traded below the zero mark during the Asian session.
- Resistance 1: From $ 1341.00 (MA 200 on H1)
- Resistance 2: From $ 1355.90 (April 18 maximum)
- Support 1: From $ 1315.00 (support line of the Up channel on H1)
- Support 2: From $ 1300.00 (psychological level)
Computer analysis: The Stochastic Oscillator on the chart of H1 indicate the oversold of the instrument, against which the recovery of the price of gold is possible.
Silver chart (current price: $ 16,654)
Silver is traded with a minus during the Asian session.
- Resistance 1: From $ 17.00 (psychological level)
- Resistance 2: From $ 17.20 (technical level)
- Support 1: From $ 16,423 (April 12 maximum)
- Support 2: From $ 16.25 (technical level)
Computer analysis: The Stochastic Oscillator movings on the chart H1 are in the neutral zone, against which the formation of the consolidation of the price of silver is possible.