Technical analysis of gold and silver (Alexander Sivtsov)
Gold chart (current price: $ 1311.40)
Gold is trading near 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 the forex indicator Stochastic Oscillator on the chart of H4 are in the neutral zone, against which the formation of consolidation of the price of gold is possible.
Silver chart (current price: $ 16.433)
Silver is trading with a small plus during the Asian session.
- Resistance 1: From $ 16.60 (technical level)
- Resistance 2: From $ 16.75 (April 24 maximum)
- Support 1: From $ 16.17 (April 30 minimum)
- Support 2: From $ 16.00 (psychological level)
Computer analysis: The Stochastic Oscillator movings on the H4 chart are in the neutral zone, against which one should expect the continuation of the silver price movement in a narrow range.