• 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

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

  • Federal judge orders limited DOGE access to sensitive Treasury Department payment system records

    February 6, 2025
  • Vulnerable Dem senator credited with recruiting Harris to Senate still hasn’t endorsed her for president

    July 23, 2024
  • DEROY MURDOCK: How RFK Jr. can help Trump make free speech great again

    September 1, 2024
  • Senate Majority Leader Thune says this is the reason why he and Trump are working well together

    February 14, 2025
  • Trump strips security clearances from law firm tied to Jack Smith cases

    February 25, 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 (5,713)
  • Investing (634)
  • Stock (883)

Latest Posts

  • Netanyahu warns Houthis amid calls for Israel to wipe out terror leadership as it did with Nasrallah, Sinwar

    December 24, 2024
  • What could Donald Trump’s victory mean for Bitbot in 2024?

    July 21, 2024
  • Google employees pressure costumed execs at all-hands meeting for clarity on cost cuts

    November 1, 2024

Recent Posts

  • Lockheed Martin’s stock soars: What’s behind the 7-day rally?

    August 1, 2024
  • ICC rejects Israeli appeals, issues arrest warrants for Benjamin Netanyahu, Yoav Gallant

    November 21, 2024
  • House GOP lawmaker rejects committee assignments to dedicate time to DOGE

    December 17, 2024

Editor’s Pick

  • Tulsi Gabbard’s warning to Senate on Syria proves prophetic as Al Qaeda-linked regime slaughters minorities

    March 8, 2025
  • Biden will address nation from Oval Office on decision to exit 2024 race

    July 23, 2024
  • Bush teams up with notorious Trump foes to trash ‘colossal mistake’ shuttering USAID

    July 2, 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