Technical analysis of gold and silver (Alexander Sivtsov)
Gold chart (current price: $ 1275.60)
Gold is trading just below zero mark during the Asian session.
- Resistance 1: From $ 1290.70 (October 20 maximum)
- Resistance 2: From $ 1300.00 (psychological level)
- Support 1: From $ 1265.20 (November 3 minimum)
- Support 2: From $ 1260.30 (October 6 minimum)
Computer analysis: The Stochastic Oscillator movings on the D1 chart are in the neutral zone, one should expect that consolidation of gold price is possible.
Silver chart (current price: $ 16.92)
Silver is trading with a small minus during the Asian session.
- Resistance 1: From $ 17.25 (October 20 maximum)
- Resistance 2: From $ 17.42 (October 16 maximum)
- Support 1: From $ 16.73 (November 3 minimum)
- Support 2: From $ 16.56 (October 27 minimum)
Computer analysis: The Stochastic Oscillator movings on the D1 chart are in the neutral zone, so one should expect the consolidation of the silver price.