Technical analysis of gold and silver (Alexander Sivtsov)
Gold chart (current price: $ 1316.54)
Gold is trading near the zero mark during the Asian session.
- Resistance 1: From $ 1332.65 (April 24 maximum)
- Resistance 2: With $ 1342.50 (resistance line of the Low channel on H1)
- Support 1: From $ 1309.00 (technical level)
- Support 2: From $ 1300.00 (psychological 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: $ 16,482)
Silver is traded with a small plus during the Asian session.
- Resistance 1: From $ 16.81 (MA 200 on H1)
- Resistance 2: From $ 17.00 (psychological level)
- Support 1: From $ 16.25 (technical level)
- Support 2: From $ 16.10 (technical level)
Computer analysis: The Stochastic Oscillator movings on the H4 chart is in the neutral zone, against which the continuation of the consolidation of the price of silver is possible.