Technical analysis of gold and silver (Alexander Sivtsov)
Gold chart (current price: $ 1314.80)
Gold is traded above the zero mark during the Asian session.
- Resistance 1: From $ 1321.40 (March 16 maximum)
- Resistance 2: From $ 1329.70 (March 14 maximum)
- Support 1: From $ 1302.50 (March 1 minimum)
- Support 2: From $ 1295.00 (technical level)
Computer analysis: The Stochastic Oscillator movings on the H4 chart are in the neutral zone, against which one should expect the consolidation of the price of gold.
Silver chart (current price: $ 16.23)
Silver is traded with a minus during the Asian session.
- Resistance 1: From $ 16.45 (March 16 maximum)
- Resistance 2: From $ 16.60 (technical level)
- Support 1: From $ 16.00 (psychological level)
- Support 2: From $ 15.85 (technical level)
Computer analysis: The Stochastic Oscillator on the chart H4 are in the neutral zone, against the background of which the movement of silver price in a narrow range is possible.