Technical analysis of gold and silver (Alexander Sivtsov)
Gold chart (current price: $ 1266.60)
Gold is trading near the zero mark during the Asian session.
- Resistance 1: From $ 1277.00 (December 5 maximum)
- Resistance 2: From $ 1285.00 (technical level)
- Support 1: From $ 1256.00 (MA 200 on H1)
- Support 2: From $ 1250.10 (December 14 minimum)
Computer analysis: The Stochastic Oscillator movings on the D1 chart are in the overbought zone, against which the reduction in the price of gold is possible in the coming days.
Silver chart (current price: $ 16.12)
Silver is trading below the zero mark during the Asian session.
- Resistance 1: From $ 16.42 (technical level)
- Resistance 2: From $ 16.51 (December 1 maximum)
- Support 1: From $ 15.95 (MA 200 on H1)
- Support 2: From $ 15.78 (December 14 minimum)
Computer analysis: The Stochastic Oscillator indicator on the D1 chart are in the overbought zone, which is why a silver price reduction is possible.