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 $ 1284.30 (minimum of October 11)
Resistance 2: From $ 1290.70 (maximum of October 20)
Support 1: From $ 1268.00 (minimum of October 3)
Support 2: From $ 1260.30 (minimum of October 6)

Computer analysis: Stochastic Oscillator movings on the N4 chart are in the oversold zone. That is why one can expect a possible recovery of the gold price in today’s trading.

Silver (current price: $ 17.12)

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

Resistance 1: From $ 17.11 (MA 200 to H1)
Resistance 2: From $ 17.25 (maximum of October 20)
Support 1: From $ 16.70 (maximum of October 5)
Support 2: From $ 16.50 (minimum of October 3)

Computer analysis: Movings of the Stochastic Oscillator on the chart H1 also indicate the resale of the instrument. Therefore, the situation can be similar to gold.