Technical analysis of gold and silver (Alexander Sivtsov)
Gold chart (current price: $ 1348.10)
Gold is traded above the zero mark during the Asian session.
- Resistance 1: From $ 1356.80 (January 26 maximum)
- Resistance 2: From $ 1365.70 (January 25 maximum))
- Support 1: From $ 1332.40 (January 31 minimum)
- Support 2: From $ 1323.90 (January 18 minimum)
Computer analysis: The Stochastic Oscillator movings on the H1 chart are in the neutral zone, one should expect consolidation of the price of gold.
Silver chart (current price: $ 17.18)
Silver is traded with a small plus during the Asian session.
- Resistance 1: From $ 17.34 (January 31 maximum)
- Resistance 2: From $ 17.49 (January 26 maximum)
- Support 1: From $ 17.00 (psychological level)
- Support 2: From $ 16.90 (technical level)
Computer analysis: The Stochastic Oscillator movings on the H1 chart are in the neutral zone. The silver price movement is possible in a narrow range.