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

Gold and Silver: Gold is starting a new recovery from 2370$

by July 26, 2024
written by July 26, 2024

Gold and Silver: Gold is starting a new recovery from 2370$

The price of gold fell to the $2353 level yesterday, forming a new weekly low there. 
On Thursday, the price of silver fell to a new weekly low of $27.39. 

Gold chart analysis

The price of gold fell to the $2353 level yesterday, forming a new weekly low there. After that, we stabilized there and started the recovery. During this morning’s Asian trading session, the price rose to the $2380 level. Then it stopped there, and since then, it has been moving in the $2365-$2375 range. There are indications that we could see a concrete recovery if we move above the $2380 level.

There, we get support from the EMA 50 moving average for further continuation on the bullish side. Potential higher targets are $2390 and $2400 levels. We will have a strong resistance at $2400, the weekly open price, and the EMA 200 moving average. For a bearish option, we need a negative consolidation and a descent to the $2360 level. Thus, the price of gold falls below the previous level of movement. In that zone, there will be greater pressure on the price to continue falling. Potential lower targets are $2350 and $2340 levels.

 

Silver chart analysis

On Thursday, the price of silver fell to a new weekly low of $27.39. Before that, we saw a consolidation at $29.40, where the price suddenly stopped and began to pull back to yesterday’s low. During this morning’s Asian trading session, the movement took place in the $27.60-$28.00 range. Silver is also under pressure and needs a better bullish consolidation to start conquering higher levels.

Potential higher targets are the $28.20 and $28.40 levels. At the $28.20 level, the EMA 50 moving average provides additional support. For a bearish option, we need a negative consolidation and pullback to the $27.40 support level. This puts pressure on yesterday’s low, which could strengthen the silver price’s bearish momentum, causing it to descend to a new low. Potential lower targets are the $27.20 and $27.00 levels.

 

The post Gold and Silver: Gold is starting a new recovery from 2370$ appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
EURUSD and GBPUSD: The pound falls to a new weekly low
next post
Oil and natural gas: oil rose to the weekly open price

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

  • India offers 9% tariff cut to fast-track $129 billion US trade deal

    May 9, 2025
  • Boohoo Share Price Evaluation and Financial Analysis

    August 9, 2024
  • Schumer gathers key committee Dems to talk looming Hegseth confirmation hearing

    January 14, 2025
  • KeyCorp shares surge 18% as Scotiabank invests $2.8 billion: What this means for both banks

    August 12, 2024
  • Trump AG nominee Pam Bondi advances to final Senate vote

    February 4, 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

    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 (4,735)
  • Investing (624)
  • Stock (775)

Latest Posts

  • GM to invest $625 million in joint venture to mine EV battery raw materials in U.S.

    October 17, 2024
  • ‘Ridiculous’: Bondi personally strips DOJ walls of Biden, Harris, Garland portraits

    February 12, 2025
  • Asian markets open: Stocks surge as Trump eases Fed firing threat, trade hopes build

    April 23, 2025

Recent Posts

  • ‘Flooding the zone’: Trump hits warp speed in first week back in office

    January 25, 2025
  • Shopify’s Stock Surged By 25% After Reporting Strong Revenue

    November 15, 2024
  • 12 Dems join GOP lawmakers to threaten UN funding over ‘ongoing hostility’ to Israel

    October 25, 2024

Editor’s Pick

  • Retail Investors Boost Nvidia Stock Amid AI Shakeup

    January 28, 2025
  • Sen Cotton says Biden-Harris likely prolonged Gaza war, let aid go to terrorists: ‘Betrayed’ taxpayers

    October 16, 2024
  • EUR/USD & EUR/GBP: Key Support Levels Under Pressure

    November 15, 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