Technical analysis of gold and silver (Alexander Sivtsov)

Gold (current price: $ 1280.50)

Gold is trading slightly above the zero mark during the Asian session.

Resistance 1: From $ 1290.70 (maximum of October 20)
Resistance 2: From $ 1297.10 (maximum of October 12)
Support 1: From $ 1272.20 (minimum of October 23)
Support 2: From $ 1268.00 (minimum of October 3)

Computer analysis: The Stochastic Oscillator movings on the N4 chart enter the overbought zone. One should expect the decrease of the gold price during today’s trading.

Silver (current price: $ 17.05)

Silver is also trading just above the zero mark during the Asian session.

Resistance 1: From $ 17.25 (maximum of October 20)
Resistance 2: From $ 17.42 (maximum of October 16)
Support 1: From $ 16.81 (minimum of October 23)
Support 2: From $ 16.70 (maximum of October 5)

Computer analysis: The Stochastic Oscillator movings on the H4 chart also enter the overbought zone, so the situation can be similar to gold.