Technical analysis of gold and silver (Alexander Sivtsov)
Gold chart (current price: $ 1242.40)
Gold is trading with a plus during the Asian session.
- Resistance 1: From $ 1251.20 (December 11 maximum)
- Resistance 2: From $ 1260.70 (December 5 minimum)
- Support 1: From $ 1228.50 (technical level)
- Support 2: From $ 1218.00 (technical level)
Computer analysis: The Stochastic Oscilliator movings on the N1 chart are in the neutral zone. So, the consolidation of the gold price is possible.
Silver chart (current price: $ 15.68)
Silver is trading with a plus during the Asian session.
- Resistance 1: From $ 16.00 (psychological level)
- Resistance 2: From $ 16.19 (December 4 maximum)
- Support 1: From $ 15.42 (July 11 minimum)
- Support 2: From $ 15.14 (July 10 minimum)
Computer analysis: The Stochastic Oscillator movings on the chart H1 are in the neutral zone, so that the consolidation of the price of silver is possible.