Technical analysis of gold and silver (Alexander Sivtsov)

Gold (current price: $ 1280.10)

Gold is trading with a small plus during the Asian session.

Resistance 1: From $ 1290.70 (October 20 maximum)
Resistance 2: From $ 1300.00 (psychological level)
Support 1: From $ 1268.00 (October 3 minimum)
Support 2: From $ 1260.30 (October 6 minimum)

Computer analysis: The Stochastic Oscillator movings on the N4 chart are in the overbought zone. One should expect a decrease in the price of gold in the second half of today’s trading.

Silver (current price: $ 16.94)

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

Resistance 1: From $ 17.11 (October 24 maximum)
Resistance 2: From $ 17.25 (October 20 maximum)
Support 1: From $ 16.70 (October 5 maximum)
Support 2: From $ 16.50 (October 4 minimum)

Computer analysis: Movings of the Stochastic Oscillator indicator on the H4 charts also enter the overbought zone, so the situation can be similar to gold.