Technical analysis of gold and silver (Alexander Sivtsov)
Gold chart (current price: $ 1278.20)
Gold is trading with a small plus during the Asian session.
- Resistance 1: From $ 1289.00 (December 1 maximum)
- Resistance 2: From $ 1300.00 (psychological level)
- Support 1: From $ 1262.50 (December 21 minimum)
- Support 2: From $ 1250.10 (December 14 minimum)
Computer analysis: The Stochastic Oscillator movings on the charts of H1 and D1 indicate overbought of the instrument, so a decline in the price of gold is possible.
Silver chart (current price: $ 16.41)
Silver is trading slightly above the zero mark during the Asian session.
- Resistance 1: From $ 16.51 (December 1 maximum)
- Resistance 2: From $ 16.72 (November 28 minimum)
- Support 1: From $ 16.21 (December 20 maximum)
- Support 2: From $ 16.00 (psychological level)
Computer analysis: The Stochastic Oscillator movings on the charts of H1 and D1 indicate overbought of the instrument, so a decline in the price of silver is possible.