Technical analysis of gold and silver (Alexander Sivtsov)
Gold (current price: $ 1279.40)
Gold is trading in a narrow range during the Asian session.
Resistance 1: From $ 1288.00 (MA 200 per H1)
Resistance 2: From $ 1293.90 (maximum of October 10)
Support 1: From $ 1268.00 (minimum of October 3)
Support 2: From $ 1260.30 (minimum of October 6)
Computer analysis: Stochastic Oscilliator movings on the D1 chart are in the oversold zone, one can expect a possible recovery in the price of gold in the coming days.
Silver (current price: $ 16.92)
Silver is also trading in a narrow range during the Asian session.
Resistance 1: From $ 17.20 (maximum of October 10)
Resistance 2: From $ 17.42 (maximum of October 16)
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 D1 chart are also in the oversold zone, so the situation can be similar to gold.