Technical analysis of gold and silver (Alexander Sivtsov)
Gold chart (current price: $ 1316.80)
Gold is traded above the zero mark during the Asian session.
- Resistance 1: From $ 1325.50 (technical level)
- Resistance 2: From $ 1332.50 (broken support line of the Up channel on H4)
- Support 1: From $ 1306.80 (February 8 minimum)
- Support 2: From $ 1300.00 (psychological level)
Computer analysis: The Stochastic Oscillator movings on the chart of H1 are in the neutral zone, one should expect the formation of consolidation of the price of gold.
Silver chart (current price: $ 16.37)
Silver is traded with a plus during the Asian session.
- Resistance 1: From $ 16.57 (technical level)
- Resistance 2: From $ 16.72 (February 26 maximum)
- Support 1: From $ 16.14 (February 9 minimum)
- Support 2: From $ 16.00 (psychological level)
Computer analysis: The Stochastic Oscillator movings on the chart of H1 are in the neutral zone, the consolidation of the price of silver is possible.