Technical analysis of gold and silver (Alexander Sivtsov)
Gold chart (current price: $ 1324.39)
Gold is traded near the zero mark during the Asian session.
- Resistance 1: From $ 1337.50 (MA 200 on H1)
- Resistance 2: From $ 1355.90 (April 18 maximum)
- Support 1: From $ 1314.50 (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: $ 16.55)
Silver is traded with a plus during the Asian session.
- Resistance 1: From $ 16.83 (MA 200 on H1)
- Resistance 2: From $ 17.00 (psychological level)
- Support 1: From $ 16,423 (April 12 maximum)
- Support 2: From $ 16.25 (technical level)
Computer analysis: The Stochastic Oscillator movings on the H4 chart is in the neutral zone, against which the continuation of the consolidation of the price of silver is possible.