Technical analysis of gold and silver (Alexander Sivtsov)

Gold (current price: $ 1276.40)

Gold is trading near the zero mark during the Asian session.

Resistance 1: From $ 1283.30 (October 24 maximum)
Resistance 2: From $ 1290.70 (October 20 maximum)
Support 1: From $ 1267.40 (October 31 minimum)
Support 2: From $ 1263.50 (October 27 minimum)

Computer analysis: Stochastic Oscillator movings on the chart of H1 and H4 are in the neutral zone. Today, one should expect a fairly low-key price dynamics on gold and continuation of the move in the flat range in the short term.

Silver (current price: $ 17.04)

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

Resistance 1: From $ 17.25 (October 20 maximum)
Resistance 2: From $ 17.42 (October 16 maximum)
Support 1: From $ 16.82 (technical level)
Support 2: From $ 16.56 (October 27 minimum)

Computer analysis: Movings of the indicator Stochastic Oscillator on the chart H4 indicate that silver is in  overbought zone. One should expect the reduction in the price of the instrument after yesterday’s growth.