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

Gold and Silver: Gold remains high in the all-time high zone

by August 14, 2024
written by August 14, 2024

Gold and Silver: Gold remains high in the all-time high zone

During this morning’s Asian trading session, the price of gold found support at the $2455 level
The price of silver continues today with lateral consolidation in the $27.60-$28.00 range

Gold chart analysis

During this morning’s Asian trading session, the price of gold found support at the $2455 level. After that we saw a bullish consolidation up to $2480. For now, the price stops at that level and makes a correction to the $2462 level. The drop to this level was short-term, and gold is again trying to maintain itself above the $2470 level. If it succeeds, it could hit the weekly high at $2480 again.

Potential higher targets are $2485 and $2490 levels. For a bearish option, we need a new pullback to the $2460 level. With that step, we descend again into the support zone. We will try to get the EMA 50 moving average support. With momentum below, we lose support, and gold should form a new low. Potential lower targets are $2455 and $2450 levels.

 

Silver chart analysis

The price of silver continues today with lateral consolidation in the $27.60-$28.00 range. We retested the $28.00 level a while ago but did not have the momentum to move above it, triggering a pullback to $27.75. At this level, the EMA 200 moving average creates additional pressure. We need his support if the price plans to start a bullish consolidation. With a break above $28.00, we hope that silver will have enough strength to continue rising.

Potential higher targets are the $28.20 and $28.40 levels. For a bearish option, we need a pullback of the silver price down to $27.60. There is a critical zone because with a new bearish impulse, we are moving to a new daily low. With that step, the bearish momentum is strengthened to continue pushing the price lower. Potential lower targets are the $27.40 and $27.20 levels.

 

The post Gold and Silver: Gold remains high in the all-time high zone appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
SMR Stock Is Plunging as the SEC Demands Answers
next post
Ukrainian Offensive Forces Control 1,000 sq km in Kursk

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

  • ‘Great asset’: Radical Dems, socialists thrilled by Harris’ VP pick Tim Walz

    August 9, 2024
  • EURAUD and EURNZD: New annual high for EURNZD at 1.82573

    July 23, 2024
  • Scoop: Key conservative caucus draws red line on House budget plan

    January 30, 2025
  • Darktrace Share Price: Company’s Price Forecast

    August 2, 2024
  • Murkowski and Cassidy announce they’ll vote to confirm Tulsi Gabbard to Trump cabinet post

    February 11, 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 (5,930)
  • Investing (634)
  • Stock (922)

Latest Posts

  • RVSN Stock: Innovation Amid Financial Struggles

    August 8, 2024
  • Trump says he’ll drop sanctions on Syria in move to normalize relations

    May 13, 2025
  • Dems vow to fight ‘tooth and nail’ as Supreme Court takes up campaign finance case

    July 1, 2025

Recent Posts

  • MAGA loyalists take aim at GOP senator as key Trump defense post sparks controversy: ‘Why the opposition?’

    February 18, 2025
  • Kamala Harris plans to skip historic Al Smith dinner despite long-standing tradition

    September 22, 2024
  • AUDUSD and AUDNZD: AUDUSD has an opportunity to recover

    August 23, 2024

Editor’s Pick

  • ‘Deliberate abuse of power’: Republicans erupt after bombshell Zuckerberg letter on COVID-19 censorship

    August 28, 2024
  • Trump: Environmental Protection Agency eyeing to cut 65% of its staffers

    February 26, 2025
  • Amazon can now be held responsible for defective products sold by third-party sellers

    July 30, 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