Technical analysis of gold and silver (Alexander Sivtsov)
Gold chart (current price: $ 1332.60)
Gold is trading below the zero mark during the Asian session.
- Resistance 1: From $ 1340.70 (February 26 maximum)
- Resistance 2: From $ 1348.00 (technical level)
- Support 1: From $ 1324.60 (MA 200 on H1)
- Support 2: From $ 1315.00 (technical level)
Computer analysis: The Stochastic Oscillator movings on the chart H1 indicate the oversold of the instrument, so one should expect the resumption of the growth of the price of gold.
Silver chart (current price: $ 16.63)
Silver is traded with a minus during the Asian session.
- Resistance 1: From $ 16.82 (March 6 maximum)
- Resistance 2: From $ 16.93 (February 15 maximum)
- Support 1: From $ 16.48 (MA 200 on H1)
- Support 2: From $ 16.30 (technical level)
Computer analysis: The Stochastic Oscillator movings on the chart H1 indicate the oversold of the instrument, so the recovery of the price of silver is possible.