Technical analysis of gold and silver (Alexander Sivtsov)
Gold chart (current price: $ 1348.20)
Gold is traded below the zero mark during the Asian session.
- Resistance 1: From $ 1361.40 (February 16 maximum)
- Resistance 2: From $ 1365.70 (January 25 maximum)
- Support 1: From $ 1335.00 (technical level)
- Support 2: From $ 1330.00 (technical level)
Computer analysis: The Stochastic Oscillator movings on the charts of H1 and H4 indicate the oversold of the instrument, against which the recovery of the price of gold is possible.
Silver chart (current price: $ 16.65)
Silver is traded with a minus during the Asian session.
- Resistance 1: From $ 16.93 (February 15 maximum)
- Resistance 2: From $ 17.10 (technical level)
- Support 1: From $ 16.43 (technical level)
- Support 2: From $ 16.20 (February 8 minimum)
Computer analysis: The Stochastic Oscillator movings on the chart of H4 indicate the oversold of the instrument, so one should expect a rise in the price of silver.