Technical analysis of gold and silver (Alexander Sivtsov)
Gold chart (current price: $ 1283.60)
Gold is trading with a small plus during the Asian session.
- Resistance 1: From $ 1296.30 (November 29 maximum)
- Resistance 2: From $ 1300.00 (psychological level)
- Support 1: From $ 1274.30 (November 20 minimum)
- Support 2: From $ 1269.70 (November 14 minimum)
Computer analysis: The Stochastic Oscillator movings on H4 chart indicate the oversold of the instrument, that is why there may be some recovery in the price of gold.
Silver chart (current price: $ 16.49)
Silver is trading with a plus during the Asian session.
- Resistance 1: From $ 16.72 (November 28 minimum)
- Resistance 2: From $ 16.87 (November 29 maximum)
- Support 1: From $ 16.27 (October 6 minimum)
- Support 2: From $ 16.00 (psychological level)
Computer analysis: The Stochastic Oscillator movings on the charts H4 and D1 indicate the oversold of the instrument, the recovery of the price of silver is possible.