Technical analysis of gold and silver (Alexander Sivtsov)
Gold (current price: $ 1288.30)
Gold is declining during the Asian session.
- Resistance 1: From $ 1305.70 (maximum of the October 16)
- Resistance 2: From $ 1313.30 (maximum of the September 26)
- Support 1: From $ 1278.70 (maximum of the October 5)
- Support 2: From $ 1268.00 (maximum of the October 3)
Computer analysis: The Stochastic Oscilliator movings on the charts H1 and H4 indicate the resale of the instrument, so in the course of today’s trading, one should expect some recovery in the price of the instrument.
Silver (current price: $ 17.04)
Silver is also losing positions during the Asian session.
- Resistance 1: From $ 17.42 (maximum of the October 16)
- Resistance 2: From $ 17.81 (maximum of the September 15)
- Support 1: From $ 16.84 (maximum of the October 4)
- Support 2: From $ 16.50 (minimum of the October 3)
Computer analysis: The Stochastic Oscilliator movings on the charts H1 and H4 also indicate the resale of the instrument, that is why the situation can be similar to gold.