Technical analysis of gold and silver (Alexander Sivtsov)
Gold chart (current price: $ 1263.30)
Gold is trading with a small plus during the Asian session.
- Resistance 1: From $ 1277.00 (December 5 maximum)
- Resistance 2: From $ 1285.00 (technical level)
- Support 1: From $ 1250.10 (December 14 minimum)
- Support 2: From $ 1236.20 (December 12 minimum)
Computer analysis: The Stochastic Oscillator movings on the charts of H1 and H4 are in the neutral zone, that is why the consolidation of the gold price is possible.
Silver chart (current price: $ 16.07)
Silver is trading near the zero mark during the Asian session.
- Resistance 1: From $ 16.30 (technical level)
- Resistance 2: From $ 16.42 (technical level)
- Support 1: From $ 15.87 (MA 200 on H1)
- Support 2: From $ 15.62 (December 13 minimum)
Computer analysis: The Stochastic Oscillator movings on the chart H1 indicate the oversold of the instrument. So, a slight increase in the price of silver is possible.