Technical analysis of gold and silver (Alexander Sivtsov)
Gold chart (current price: $ 1327.60)
Gold is traded just above 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 (technical level)
- Support 2: From $ 1302.50 (March 1 minimum)
Computer analysis: The Stochastic Oscillator movings on the H4 chart indicate the oversold of the instrument, against which one should expect the resumption of the growth of the price of gold.
Silver chart (current price: $ 16.50)
Silver is traded with a plus during the Asian session.
- Resistance 1: From $ 16.82 (March 6 maximum)
- Resistance 2: From $ 16.93 (February 15 maximum)
- Support 1: From $ 16.30 (technical level)
- Support 2: From $ 16.11 (minimum of March 1)
Computer analysis: The Stochastic Oscillator movungs on the chart H4 indicate the oversold of the instrument, against the background of which the recovery of the price of silver is possible.