Technical analysis of gold and silver (Alexander Sivtsov)
Gold chart (current price: $ 1331.90)
Gold is traded above the zero mark during the Asian session.
- Resistance 1: From $ 1345.80 (February 6 maximum)
- Resistance 2: From $ 1356.80 (January 26 maximum)
- Support 1: From $ 1316.00 (technical level)
- Support 2: From $ 1300.00 (psychological level)
Computer analysis: The Stochastic Oscillator movings on the H4 chart indicate the oversold of the instrument. The recovery of gold prices during the European session is expected.
Silver chart (current price: $ 16.72)
Silver is traded with a plus during the Asian session.
- Resistance 1: From $ 16.95 (February 6 maximum)
- Resistance 2: From $ 17.05 (February 1 minimum)
- Support 1: From $ 16.51 (February 1 minimum)
- Support 2: From $ 16.28 (technical level)
Computer analysis: The Stochastic Oscillator movings on the H4 chart indicate the oversold of the instrument. The continuation of the silver price increase is possible.