Technical analysis of gold and silver (Alexander Sivtsov)
Gold chart (current price: $ 1317.60)
Gold is traded slightly below the zero mark during the Asian session.
- Resistance 1: From $ 1327.30 (January 10 maximum)
- Resistance 2: From $ 1334.00 (technical level)
- Support 1: From $ 1307.90 (January 10 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: $ 16.97)
Silver is traded near the zero mark during the Asian session.
- Resistance 1: From $ 17.10 (technical level)
- Resistance 2: From $ 17.23 (January 8 maximum)
- Support 1: From $ 16.77 (December 29 minimum)
- Support 2: From $ 16.62 (December 27 minimum)
Computer analysis: The Stochastic Oscillator on the charts of H1 and H4 are in the neutral zone, one should expect the continuation of the consolidation of the silver price.