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

Gold and Silver: Gold in a bullish trend since Thursday

by August 9, 2024
written by August 9, 2024

Gold and Silver: Gold in a bullish trend since Thursday

During this morning’s Asian trading session, the price of gold rose to $2429. 
During this morning’s Asian trading session, the price of silver recovered to the $27.75 level. 

Gold chart analysis

During this morning’s Asian trading session, the price of gold rose to $2429. Thursday was pretty good for the gold price, as we saw a rise from $2381 to $2427. During this morning’s Asian trading session, the price took a small step back to support at the $2420 level. We managed to hold there and get back above $2425. Now, we have a new opportunity to start a new bullish consolidation. We hope for a new daily high to confirm the bullish option.

Potential higher targets are the $2435 and $2440 levels. For a bearish option, we need a negative consolidation and a drop in the price of gold down to $2410. There, we encounter potential support in the EMA 200 moving average. With bearish momentum building, the price has no chance of holding there, and we will see a drop below to a new daily low. Potential lower targets are the $2400 and $2390 levels.

 

Silver chart analysis

During this morning’s Asian trading session, the price of silver recovered to the $27.75 level. At that level, we encountered the EMA 200 moving average, which did not allow us to continue with further growth. This led to a pullback to $27.40, and we are now trying to hold here. If the pressure on silver continues, the price will have to start a bearish consolidation and continue on the bearish side.

Potential lower targets are $27.20 and $27.00 levels. For a bullish option, we need a positive silver price consolidation up to $27.80. With that, we are moving to EMA 200, and we will try to maintain in that zone again. If the price succeeds in this, it will have a new position from which it could continue the bullish consolidation. Potential higher targets are $28.00 and $28.20 levels.

 

The post Gold and Silver: Gold in a bullish trend since Thursday appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
The price of Bitcoin is on a bullish run above the EMA 200
next post
Progressive women’s groups silent on second gentleman Doug Emhoff’s affair

related articles

Trump’s Fed Criticism Sparks Investor Concerns

April 22, 2025

Oil Prices Rebound After Trump’s Criticism of Powell

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

  • Elon Musk reveals his political PAC’s future amid tight presidential race

    November 6, 2024
  • Pope, State Department condemn latest massacre of Christians by Islamist militants in Nigeria

    July 1, 2025
  • UK competition watchdog to review $35 billion Synopsys-Ansys merger: What’s at stake?

    August 12, 2024
  • Biden’s former spokesman slams Trump and GOP ‘colluding to impeach’ judges

    March 20, 2025
  • Elon Musk posts ‘Kill Bill’ meme in latest push to nix Trump’s ‘big, beautiful bill’

    June 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

    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 (5,603)
  • Investing (634)
  • Stock (867)

Latest Posts

  • Trump calls Ukraine’s Zelenskyy a ‘dictator without elections’ as rift widens

    February 19, 2025
  • Steven Bannon pleads guilty to scheme to defraud in border wall fundraiser, avoids jail time

    February 11, 2025
  • Stellantis laying off 2,450 plant workers due to discontinuation of Ram ‘Classic’ pickup truck

    August 10, 2024

Recent Posts

  • Elon Musk explores moves to unseat Starmer before next UK elections, FT reports

    January 9, 2025
  • Trump super PAC launches $50m battleground state ad blitz to make ‘final pitch’ to voters

    October 31, 2024
  • Busy week ahead for Trump, Cabinet picks

    February 3, 2025

Editor’s Pick

  • Johnson says Republicans ‘don’t have time’ to craft new Trump plan despite Musk’s call to ‘KILL the BILL’

    June 4, 2025
  • MAGA law group fights to expose how Biden’s DEI agenda may have tainted life-saving organ transplants

    July 2, 2025
  • State Department reveals plan to deliver ‘life-saving’ meals to 1.4M starving children

    June 10, 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