Technical analysis of gold and silver (Alexander Sivtsov)

Gold (current price: $ 1282.80)

Gold is trading with a minus during the Asian session.

Resistance 1: From $ 1290.70 (maximum of October 20)
Resistance 2: From $ 1296.00 (Low resistance line of the channel to H1)
Support 1: From $ 1276.40 (minimum of October 19)
Support 2: From $ 1268.00 (minimum of October 3)

Computer analysis: Stochastic Oscilliator moovings on the H1 chart are in the oversold zone, against which one should expect some recovery of the price of gold in today’s trading.

Silver (current price: $ 17.12)

Silver is also trading below the zero mark during the Asian session.

Resistance 1: From $ 17.25 (maximum of October 20)
Resistance 2: From $ 17.42 (maximum of October 16)
Support 1: From $ 16.86 (minimum of October 19)
Support 2: From $ 16.70 (maximum of October 5)

Computer analysis: Movings on Stochastic Oscilliator on the chart H1 also indicate that the instrument is in oversold zone. The situation can be similar to gold.