Connect with us

Hi, what are you looking for?

Alive Business PlanAlive Business Plan

Economy

Gold and Silver: Gold is holding above the $1920 level

Gold and Silver: Gold is holding above the $1920 level

The price of gold has been in retreat this week from the $1,945 level on Monday.
During this week, we saw silver prices were in bearish consolidation from $24.80 to $22.82.

Gold chart analysis

The price of gold has been in retreat this week from the $1,945 level on Monday. We formed a new weekly low at the $1915 level on Wednesday. Since then, we have seen a bullish consolidation and price recovery to $1928 until this morning. Now, we have an opportunity to reach the $1930 level. So, we would climb above the EMA50 moving average and get its support. Potential higher targets are $1935 and $1940 levels.

We need a negative consolidation and a price pullback below the $1920 level for a bearish option. After that, we enter the zone of the previous low at the $1915 level. A price break below would mean further weakening of the gold price. Potential lower targets are the $1910 and $1905 levels.

Silver chart analysis

During this week, we saw silver prices were in bearish consolidation from $24.80 to $22.82. Yesterday, we saw the formation of a new low, and since then, we have been recovering slightly. We are back above the $23.00 level and are now trying to hold here before continuing with further recovery. Potential higher targets are $23.20 and $23.40 levels.

We need a negative consolidation and pullback to the $22.80 support level for a bearish option. A price break below would mean forming a new low and confirming a bearish option. Potential lower targets are $22.60 and $22.40 levels.

The post Gold and Silver: Gold is holding above the $1920 level appeared first on FinanceBrokerage.

Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    You May Also Like

    Editor's Pick

    Overview The world of business technology has evolved. Driven by the shift towards distributed work and cloud application delivery, enterprise infrastructure is undergoing a...

    Latest News

    Donald Trump’s defense attorneys Wednesday asked the federal judge handling the government’s classified documents case to allow the former president and his legal team...

    Economy

    Bitcoin Rebounds to $69,000 Quick Look Bitcoin rebounds to $69,000, influenced by optimistic FR statements and anticipation of the halving event. FR officials’ comments...

    Economy

    0xDistro ICO (DISTRO) is Live. What does it offer? In the world of decentralized finance, 0xDistro emerges as a promising project. It presented itself...



    Disclaimer: alivebusinessplan.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 alivebusinessplan.com