Technical analysis of gold and silver (Alexander Sivtsov)
Gold chart (current price: $ 1321.10)
Gold is traded below the zero mark during the Asian session.
- Resistance 1: From $ 1335.90 (February 21 maximum)
- Resistance 2: From $ 1344.50 (February 16 minimum)
- Support 1: From $ 1306.80 (February 8 minimum)
- Support 2: From $ 1300.00 (psychological level)
Computer analysis: The Stochastic Oscillator movings on the charts of H1 and H4 indicate the oversold of the instrument, against which the recovery of the price of gold is possible.
Silver chart (current price: $ 16.39)
Silver is traded with a minus during the Asian session.
- Resistance 1: From $ 16.62 (February 20 maximum)
- Resistance 2: From $ 16.72 (February 21 maximum)
- Support 1: From $ 16.20 (February 8 minimum)
- Support 2: From $ 16.00 (psychological level)
Computer analysis: The Stochastic Oscillator movings on the charts of H1 and H4 are in the neutral zone, so the consolidation of the price of silver is possible.