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Technical analysis of gold and silver (Alexander Sivtsov)
Gold chart (current price: $ 1275.00)
Gold is trading with a small plus during the Asian session.
- Resistance 1: From $ 1287.00 (MA 200 on H1)
- Resistance 2: From $ 1290.30 (November 28 minimum)
- Support 1: From $ 1269.70 (November 14 minimum)
- Support 2: From $ 1264.50 (Up Channel line on D1)
Computer analysis: The Stochastic Oscillator movings on the charts H1 and H4 are in the neutral zone, the formation of a consolidation of the gold price is possible.
Silver Schedule (current price: $ 16.38)
Silver is traded with a plus during the Asian session.
- Resistance 1: From $ 16.72 (November 28 minimum)
- Resistance 2: From $ 16.87 (November 29 maximum)
- Support 1: From $ 16.27 (at least October 6)
- Support 2: From $ 16.00 (psychological level)
Computer analysis: The Stochastic Oscillator movings on the charts H1 and H4 indicate the oversold of the instrument, so the recovery of the silver price is expected.