Technical analysis of gold and silver (Alexander Sivtsov)
Gold chart (current price: $ 1282.80)
Gold is trading above the zero mark during the Asian session.
- Resistance 1: From $ 1289.20 (November 15 maximum)
- Resistance 2: From $ 1296.70 (October 17 maximum)
- Support 1: From $ 1269.70 (November 14 minimum)
- Support 2: From $ 1263.50 (October 27 minimum)
Computer analysis: The Stochastic Oscillator movings on the charts H4 and D1 are in the neutral zone. That is why the consolidation of the price of gold is possible.
Silver chart (current price: $ 16.96)
Silver is trading with a plus during the Asian session.
- Resistance 1: From $ 17.15 (November 15 maximum)
- Resistance 2: From $ 17.33 (October 17 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 charts H4 and D1 are in the neutral zone, so the situation can be similar to gold.