Technical analysis of gold and silver (Alexander Sivtsov)
Gold chart (current price: $ 1326.92)
Gold is traded above the zero mark during the Asian session.
- Resistance 1: From $ 1341.00 (MA 200 on H1)
- Resistance 2: From $ 1355.90 (April 18 maximum)
- Support 1: From $ 1314.00 (Support line of the Up Channel on H1)
- Support 2: From $ 1300.00 (psychological level)
Computer analysis: The Stochastic Oscillator movings on the chart of H4 are in the neutral zone, against which the formation of consolidation of the price of gold is possible.
Silver chart (current price: $ 16.686)
Silver is traded with a plus during the Asian session.
- Resistance 1: From $ 17.00 (psychological level)
- Resistance 2: From $ 17.20 (technical level)
- Support 1: From $ 16,423 (April 12 maximum)
- Support 2: From $ 16.25 (technical level)
Computer analysis: The Stochastic Oscillator movings on the chart H1 indicate the oversold of the instrument, the recovery of the price of silver is possible.