Technical analysis of gold and silver (Alexander Sivtsov)
Gold chart (current price: $ 1346.60)
Gold is tradув below the zero mark during the Asian session.
- Resistance 1: From $ 1365.70 (January 25 maximum)
- Resistance 2: From $ 1374.80 (2016 maximum)
- Support 1: From $ 1330.00 (technical level)
- Support 2: From $ 1323.90 (January 18 minimum)
Computer analysis: The Stochastic Oscillator movings on the H4 chart are in the neutral zone, one should expect consolidation of the price of gold.
Silver chart (current price: $ 17.29)
Silver is traded with a minus during the Asian session.
- Resistance 1: From $ 17.65 (January 25 maximum)
- Resistance 2: From $ 17.80 (technical level)
- Support 1: From $ 17.09 (January 25 minimum)
- Support 2: From $ 16.90 (technical level)
Computer analysis: The Stochastic Oscillator movings on the H4 chart are in the neutral zone. Silver price movement is possible in a narrow range.