Technical analysis of gold and silver (Alexander Sivtsov)
Gold chart (current price: $ 1325.20)
Gold is trading near the zero mark during the Asian session.
- Resistance 1: From $ 1340.70 (February 26 maximum)
- Resistance 2: From $ 1348.00 (technical level)
- Support 1: From $ 1312.60 (March 9 minimum)
- Support 2: From $ 1302.50 (March 1 minimum)
Computer analysis: The Stochastic Oscillator movings on the H1 chart going to the oversold zone, against which one should expect a growth of the price of gold in the second half of the trading.
Silver chart (current price: $ 16.50)
Silver is traded with a small plus during the Asian session.
- Resistance 1: From $ 16.82 (March 6 maximum)
- Resistance 2: From $ 16.93 (February 15 maximum)
- Support 1: From $ 16.31 (March 9 minimum)
- Support 2: From $ 16.15 (technical level)
Computer analysis: The Stochastic Oscillator movings on the H1 chart on Silver going to the oversold zone, against which a resumption of the growth of the price of silver is possible.