Technical analysis of gold and silver (Alexander Sivtsov)
Gold chart (current price: $ 1318.00)
Gold is traded slightly below the zero mark during the Asian session.
- Resistance 1: From $ 1327.00 (resistance line of the Low channel on W1)
- Resistance 2: From $ 1335.00 (technical level)
- Support 1: From $ 1305.60 (January 4 minimum)
- Support 2: From $ 1300.00 (psychological level)
Computer analysis: The Stochastic Oscillator movings on the charts of H1 and H4 are in the neutral zone, the continuation of the consolidation of the gold price is possible.
Silver chart (current price: $ 17.09)
Silver is traded near the zero mark during the Asian session.
- Resistance 1: From $ 17.23 (January 8 maximum)
- Resistance 2: From $ 17.33 (November 17 maximum)
- Support 1: From $ 16.91 (MA 200 on H1)
- Support 2: From $ 16.80 (support line of the uplink on H1)
Computer analysis: The Stochastic Oscillator movings on the charts of H 1 and H4 are in the neutral zone, the formation of a consolidation of the silver price is possible.