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

Gold and Silver: Gold hit a new all-time high this morning

by July 17, 2024
written by July 17, 2024

Gold and Silver: Gold hit a new all-time high this morning

During this morning’s Asian session, the price of gold rose to a new all-time high of $2482. 
During this morning’s Asian trading session, the price of silver lost support at the $31.20 level.

Gold chart analysis

During this morning’s Asian session, the price of gold rose to a new all-time high of $2482. Until now, the movement has taken place in the $2460-$2480 range. The support looks stable, and we could see the continuation of the bullish consolidation and the formation of a new high. Potential higher targets are the $2480 and $2490 levels. Speaking of which, we could also visit the $2500 level.

For a bearish option, we need a negative consolidation and a price drop below the $2460 support level. With that, we go to a new daily low and confirm the bearish pressure. In that case, the price of gold would have to initiate a further pullback to new support. Potential lower targets are the $2450 and $2430 levels. Additional supports are the EMA 50 moving average at $2450 and the EMA 200 at the $2400 level.

 

Silver chart analysis

During this morning’s Asian trading session, the price of silver lost support at the $31.20 level. We saw a breakout below and a bearish consolidation to $30.70. In this zone, the price stabilized and gained support from the EMA 50 moving average. The positive thing is that we stayed above the weekly open price. After that, silver initiated a bullish recovery to the $31.00 level.

We expect to see a continuation of the bullish consolidation and the price of silver to a new high. Potential higher targets are $31.20 and $31.40 levels. For a bearish option, we need a negative consolidation and a drop in the price of silver below the EMA 200 moving average. This is a sign to us that bearish pressure prevails and that we will see a pullback in price. Potential lower targets are $30.60 and $30.50 levels.

 

The post Gold and Silver: Gold hit a new all-time high this morning appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
Solana and Cardano: Solana’s price progress is stable
next post
Oil and natural gas: Oil remains under pressure on Wednesday

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

Kraken Rolls Out Commission-Free Stock Trading

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

  • FBI email instructs employees not to promote Pride Month on bureau time: ‘Focused only on our core mission’

    May 29, 2025
  • Kamala Harris says Trump picked JD Vance to be ‘rubber stamp’ for former president’s ‘extreme agenda’

    July 17, 2024
  • DOJ and FTC warn consumers of fraud and price gouging risks ahead of Hurricane Milton

    October 10, 2024
  • Palantir shares surge 6% following strategic partnership with Microsoft

    August 8, 2024
  • US reinforces Central Command with fresh supply of F-16s in ‘ironclad’ commitment to defend Israel

    October 25, 2024

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

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

    December 4, 2024
  • 3

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 4

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

    July 19, 2024
  • 5

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

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (5,005)
  • Investing (634)
  • Stock (809)

Latest Posts

  • Long AMAT: Applied Materials Shows Bullish Reversal at Major Support, Targeting Midpoint of Recent Bearish Impulse

    July 23, 2024
  • EXCLUSIVE: Nancy Mace targeted by Pennsylvania man arrested for threatening Trump

    April 14, 2025
  • Trump can power the US into the future with a muscular nuclear energy policy

    January 13, 2025

Recent Posts

  • Denny’s set to close dozens more locations this year, though some openings planned too

    February 16, 2025
  • Tension builds around Tulsi Gabbard’s confirmation with key GOP Senators undecided

    January 30, 2025
  • Expert reveals how companies are rebranding ‘toxic’ DEI policies to skirt Trump-era bans: ‘New wrapper’

    May 20, 2025

Editor’s Pick

  • We have to act now to keep AI from becoming a far-left Trojan Horse

    June 10, 2025
  • Russia, Ukraine take ‘significant first step toward peace’ after Rubio-led negotiations, White House insists

    February 18, 2025
  • Euro index creates new weekly low: yen in consolidation

    August 29, 2024
  • 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