Technical analysis of gold and silver (Alexander Sivtsov)
Gold chart (current price: $ 1273.70)
Gold is trading with a minus during the Asian session.
- Resistance 1: From $ 1285.90 (MA 200 on H1)
- Resistance 2: From $ 1290.30 (November 28 minimum)
- Support 1: From $ 1265.36 (Up channel line onto D1)
- Support 2: From $ 1260.30 (October 6 minimum)
Computer analysis: The Stochastic Oscillator movings on the charts H1 and H4 are in the neutral zone, the consolidation of the gold price is possible.
Silver Schedule (current price: $ 16.30)
Silver is trading just below the zero mark during the Asian session.
- Resistance 1: From $ 16.55 (technical level)
- Resistance 2: From $ 16.72 (November 28 minimum)
- Support 1: From $ 16.19 (December 1 minimum)
- Support 2: From $ 16.00 (psychological level)
Computer analysis: The Stochastic Oscillator movings on the charts H1 and D1 indicate the oversold of the instrument, the recovery of the silver price is possible.