Technical analysis of gold and silver (Alexander Sivtsov)
Gold (current price: $ 1283.40)
Gold is traded in a narrow range during the Asian session.
- Resistance 1: From $ 1293.90 (maximum of October 10)
- Resistance 2: From $ 1305.70 (maximum of October 16)
- Support 1: From $ 1268.00 (minimum of October 3)
- Support 2: From $ 1260.30 (minimum of October 6)
Computer analysis: The Stochastic Oscilliator movings on the N1 chart enter the reselling zone. Based on this data, one should expect a possible upward correction in the second half of the Wedensday’s trading.
Silver (current price: $ 16.98)
Silver is also traded in a narrow range during the Asian session.
- Resistance 1: From $ 17.42 (maximum of October 16)
- Resistance 2: From $ 17.81 (maximum of September 15)
- Support 1: From $ 16.50 (maximum of October 3)
- Support 2: From $ 16.28 (minimum of October 6)
Computer analysis: Movings of the Stochastic Oscilliator indicator on the chart H1 also enter the zone of resale, so the situation can be similar to gold.