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

Gold and silver: gold again this morning above $2400

by July 29, 2024
written by July 29, 2024

Gold and silver: gold again this morning above $2400

In the first hour of this morning’s Asian session, the price of gold managed to climb above $2400 and form a new high at the $2403 level. 
During this morning’s Asian trading session, the price of silver moved in the $27.90-$28.00 range. 

Gold chart analysis

In the first hour of this morning’s Asian session, the price of gold managed to climb above $2400 and form a new high at the $2403 level. After that, a pullback was initiated below $2400, and we are looking for support at the $2390 level. The price is currently in a bearish consolidation, and we could see a continuation on the bearish side. At the $2387 level, gold will test the weekly open price and the EMA 50 moving average.

With the impulse below, the price falls to a new daily low and thereby prolongs the bearish scenario. Potential lower targets are the $2380 and $2370 levels. For a bullish option, we need a positive consolidation and a return above the $2400 level. If we manage to hold above, we find support in the EMA 200 moving average. Potential higher targets are the $2410 and $2420 levels.

 

Silver chart analysis

During this morning’s Asian trading session, the price of silver moved in the $27.90-$28.00 range. Now, in the EU session, the movement in the same direction has continued. We need a small move above the $28.20 level to get support from the EMA 50 moving average. With its support, silver will increase its chances of starting a bullish recovery. Potential higher targets are the $28.40 and $28.60 levels.

For a bearish option, the price of silver should pull back below the $27.90 weekly open price. This moves us to a new weekly low, and we will be under pressure to start a further pullback. Potential lower targets are $27.60 and $27.40 levels. At the $27.40 level, we will test last week’s support zone, i.e., the July low.

 

The post Gold and silver: gold again this morning above $2400 appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
EURUSD and GBPUSD: The Euro pulls back to the support zone
next post
Elon Musk Cryptocurrency Craze: DOGE, SHIBA, and MUSK

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

  • Trump has the opportunity to stop Iran from going nuclear

    March 14, 2025
  • SCOOP: Lindsey Graham amendment signals GOP budget breakthrough, sets stage for Trump agenda

    April 2, 2025
  • House Dems issue response to GOP report on Biden’s withdrawal from Afghanistan

    September 9, 2024
  • Dogecoin and Shiba Inu stable as of this morning on support

    August 7, 2024
  • Apple (AAPL) shares drop after company flags $900 million tariff hit

    May 3, 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 (6,047)
  • Investing (634)
  • Stock (926)

Latest Posts

  • ‘Efficient and accountable’: GOP-led DOGE bill aims to slash outflow of federal dollars

    November 21, 2024
  • Elon Musk’s political influence: a billionaire’s impact on European democracy

    January 7, 2025
  • Kamala Harris underperformed Biden’s numbers with women. South Dakota’s governor thinks she knows why

    November 7, 2024

Recent Posts

  • Senate Majority Leader Thune says this is the reason why he and Trump are working well together

    February 14, 2025
  • Pound to Euro Forecast 2024 and Rate History

    August 7, 2024
  • GOP senators renew call for DOD watchdog to probe former Joint Chiefs boss Milley for alleged misconduct

    May 20, 2025

Editor’s Pick

  • Trump White House takes 100-day victory lap on reforming key agency amid fierce pushback

    April 29, 2025
  • How a DOGE review can actually improve the programs that fight HIV/AIDS

    April 28, 2025
  • Where Vance and Walz favorability ratings stand 60 days to Election Day

    September 5, 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