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

Gold and silver: Gold shines at new highest levels

by August 21, 2024
written by August 21, 2024

Gold and silver: Gold shines at new highest levels

The price of gold rose to a new all-time high yesterday at the $2531 level
The price of silver from the EU rose to $29.96 on Tuesday

Gold chart analysis

The price of gold rose to a new all-time high yesterday at the $2531 level. After the formation of a new high, a pullback to the weekly open price and the $2510 level was initiated. In the first attempt, the price managed to gain support and start a recovery this morning to the $2520 level. There, we encountered new resistance and started a new retreat. This time, it forms a daily low at the $2504 level. Gold is now trying to hold here and looking for support at the EMA 50 moving average.

To continue to the bullish side, we need a positive consolidation of the price of gold and a rise above $2520. After that, the chance to see further progress to the bullish side and the formation of a new daily high increases. Potential higher targets are the $2525 and $2530 levels. A drop below the EMA 50 and $2500 for a bearish option is the first evidence that the price is under pressure and that we will see a pullback to a new daily low. Potential lower targets are $2495 and $2490 levels.

 

Silver chart analysis

The price of silver from the EU rose to $29.96 on Tuesday. A new August high was formed there, and we were a little short of reaching the $30.00 level. The inability to continue on the bullish side triggered the pullback. The price dropped to $29.40 and held there. During the Asian session, silver was quite calm and hovered in the $29.40-$29.50 range. Now, in the US session, we see a slight recovery to the $29.66 level.

This could trigger a bullish consolidation and send us to higher levels. Potential higher targets are $29.80 and $30.00 levels. For a bearish option, the price of silver would have to break below $29.40 this morning’s support. With that step, we will form a new daily low and confirm that silver is on the defensive. Potential lower targets are $29.20 and $29.00 levels.

 

The post Gold and silver: Gold shines at new highest levels appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
EURUSD and GBPUSD: GBPUSD climbs to a new August high
next post
IBIT and the Evolution of Spot Bitcoin ETFs

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

Bitcoin Slips to $83.6K Amid Nvidia’s $5.5B Charge

April 21, 2025

Fed’s Stagflation Warning Impacts Crypto Markets

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

  • New poll reveals this political event swayed only a fraction of Harris-Trump supporters

    September 17, 2024
  • Spread Betting vs CFD: Key Differences

    July 25, 2024
  • Long KTOS: Kratos Defense, $1.45B Contract Spurs Hypersonic Growth, Next Stop, New Highs?

    January 7, 2025
  • RFK Jr. launches online forum to crowdsource names for 4,000 Trump administration nominees

    November 12, 2024
  • Israel accepts Trump-led ceasefire plan that could end Gaza war within 60 days

    July 2, 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 (6,247)
  • Investing (634)
  • Stock (935)

Latest Posts

  • Hegseth, Signal questions dog Waltz as potentially perilous UN ambassador confirmation hearings loom

    May 2, 2025
  • Wall Street on Thursday: S&P, Nasdaq slip over 2% after yesterday’s historic rally

    April 11, 2025
  • SCOOP: Bill preventing activist judges from blocking Trump’s agenda backed by White House

    March 20, 2025

Recent Posts

  • 10 Dems vote with GOP to rebuke Biden officials over chaotic Afghanistan withdrawal

    September 25, 2024
  • Patel defends FBI pull-up test after Hirono decries it as gender bias in Senate showdown

    September 16, 2025
  • Traders see the odds of a Fed rate cut by September at 100%

    July 17, 2024

Editor’s Pick

  • Watch: Macron calls Trump after presidential motorcade blocks him in NYC traffic

    September 23, 2025
  • Jimmy Carter wins posthumous Grammy, sets record for category

    February 3, 2025
  • Google CEO Pichai struggled to navigate a pressure-filled year

    December 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