Technical analysis of gold and silver (Alexander Sivtsov)
Gold chart (current price: $ 1309.30)
Gold is trading above the zero mark during the Asian session.
- Resistance 1: From $ 1325.00 (technical level)
- Resistance 2: From $ 1332.65 (April 24 maximum)
- Support 1: From $ 1300.00 (psychological level)
- Support 2: From $ 1295.00 (technical level)
Computer analysis: The movings of Stochastic Oscillator on the chart H1 are in the neutral zone, against which the formation of consolidation of the price of gold is possible.
Silver chart (current price: $ 16,311)
Silver is trading with a plus during the Asian session.
- Resistance 1: From $ 16.55 (technical level)
- Resistance 2: From $ 16.75 (April 24 maximum)
- Support 1: From $ 16.00 (technical level)
- Support 2: From $ 15.90 (technical level)
Computer analysis: The Stochastic Oscilliator movings on the chart of H1 indicate overbought of the instrument, against which a reduction in the price of silver is possible.