Technical analysis of gold and silver (Alexander Sivtsov)
Gold chart (current price: $ 1318.00)
Gold is traded below the zero mark during the Asian session.
- Resistance 1: From $ 1328.00 (resistance line Low channel on W1)
- Resistance 2: From $ 1335.00 (technical level)
- Support 1: From $ 1305.60 (January 4 minimum)
- Support 2: From $ 1300.00 (psychological level)
Computer analysis: The Stochastic Oscillator movings on the chart H1 indicate the oversold of the instrument, the growth resumption of the gold price is possible.
Silver chart (current price: $ 17.09)
Silver is traded below the zero mark during the Asian session.
- Resistance 1: From $ 17.33 (November 17 maximum)
- Resistance 2: From $ 17.57 (resistance line of Low channel on D1)
- Support 1: From $ 16.93 (January 4 minimum)
- Support 2: From $ 16.72 (support line of the uplink on H1)
Computer analysis: The Stochastic Oscillator movings on the chart H1 indicate the oversold of the instrument, the growth resumption of the silver price is possible.