• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Economy

Gold and Silver: Gold encounters resistance at $2375 level

by July 10, 2024
written by July 10, 2024

Gold and Silver: Gold encounters resistance at $2375 level

During this morning’s Asian trading session, the price of gold was in a bullish consolidation. 
During this morning’s Asian trading session, the price of silver was successfully maintained above $30.60.

Gold chart analysis

During this morning’s Asian trading session, the price of gold was in a bullish consolidation. We started the day with $2,364 before climbing to the $2,374 level. We expect to see further growth on the bullish side as the price is still in a bullish trend. That could push gold above the $2,380 level, Monday’s previous high. By crossing above it, the price could much more easily continue its recovery.

Potential higher targets are $2385 and $2390 levels. We need to see a negative consolidation of the gold price to the $2364 level for a bearish option. There, we will test the daily open price again. By going below, we are moving to the negative side, which will increase the pressure on the price of gold. Potential lower targets are $2360 and $2355 levels. Additional support in the $2355 zone is the EMA 200 moving average.

 

Silver chart analysis

During this morning’s Asian trading session, the price of silver was successfully maintained above $30.60. On the upside, we encounter resistance at the $31.00 level. This week’s movement takes place in the $30.40-$31.20 range. Today’s movement range is narrower, $30.60-$31.00, and we expect a stronger impulse to the bullish or bearish side soon. A break above the $31.20 level would trigger a bullish option for silver.

With that step, silver would be freed from the previous pressure and could continue unhindered to the bullish side. Potential higher targets are the $31.40 and $31.60 levels. For a bearish option, we need a negative consolidation and pullback down to the $30.40 level. There, we will test the EMA 200 moving average support. Potential lower targets are the $30.20 and $30.00 levels.

 

The post Gold and Silver: Gold encounters resistance at $2375 level appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
The dollar index manages to stay above 105.00 for now
next post
Optimus, Elon Musk’s Tesla Robot to Be Released This Year

related articles

Oil Prices Rebound After Trump’s Criticism of Powell

April 22, 2025

Trump’s Fed Criticism Sparks Investor Concerns

April 22, 2025

Buy Bitcoin Under $100K Before The Next Bull...

April 22, 2025

BNB Price Surge Leads Crypto Gains as Bitcoin...

April 21, 2025

Fed’s Stagflation Warning Impacts Crypto Markets

April 21, 2025

Bitcoin Slips to $83.6K Amid Nvidia’s $5.5B Charge

April 21, 2025

Gold Price Surge Hits $3,385 Amid Trade Tensions

April 21, 2025

Bitcoin Rebounds to $83,404 Amid Renewed Investor Confidence

April 21, 2025

Memecoins, AI, and DeFi Tokens Lead Crypto Rebound

April 21, 2025

Bitcoin Nears $85K Amid Market Optimism

April 21, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • House Dem warns both sides on ‘road to ruin’ as political divide deepens over Kirk assassination

    September 17, 2025
  • Faith in DOJ plummets as Biden, pardoning Hunter, joins Trump in denouncing the department

    December 4, 2024
  • Alcohol warning regulations hit struggling restaurants hard: here’s what you need to know

    January 9, 2025
  • Trump nominees Collins, Stefanik to face senate grilling as VA, UN picks; Bessent gets committee vote

    January 21, 2025
  • The great airlift: how Apple ferried 1.5M iPhones from India to the US to beat Trump tariffs

    April 10, 2025

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (6,066)
  • Investing (634)
  • Stock (927)

Latest Posts

  • Terror attack rocks Israel; three buses reportedly explode

    February 20, 2025
  • Sandra Lee shares breaking point in split from Andrew Cuomo: ‘Every window and door closed’

    August 6, 2024
  • Trump says he’ll drop sanctions on Syria in move to normalize relations

    May 13, 2025

Recent Posts

  • Ethereum fails to hold on to the bullish trend on Tuesday

    October 8, 2024
  • Trump accepts jet from Qatar, will refit to serve as Air Force One, DOD says

    May 21, 2025
  • First female Mexico-born rep targets indictment-plagued Democrat in House GOP comeback bid

    April 15, 2025

Editor’s Pick

  • House Dems’ campaign chair says her party’s ‘on offense’ in 2026 battle to win back majority from GOP

    June 1, 2025
  • Topshop teases a high-street comeback: can it thrive in today’s retail market?

    March 19, 2025
  • Houston Rockets owner among trio of Trump ambassador nominees confirmed by Senate

    April 30, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.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 © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock