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

Gold and Silver: Gold remains on the bullish side on Friday

by August 30, 2024
written by August 30, 2024

Gold and Silver: Gold remains on the bullish side on Friday

During this morning’s Asian session, the price of gold retreated to the weekly open price, where it gained new support
Silver’s price received support from the EMA 200 moving average during this morning’s Asian session

Gold chart analysis

During this morning’s Asian session, the price of gold retreated to the weekly open price, where it gained new support. After that, a bullish consolidation was initiated up to $2525, a new daily high. Now, we expect to continue the growth and test yesterday’s high at the $2529 level. If the bullish momentum of the gold price continues, we will going to test the all-time high price.

Potential higher targets are the $2535 and $2540 levels. For a bearish option, we need a return to the weekly open price. This will put pressure on that level again, but this time, we may see a break below to a new daily low. Potential lower targets are the $2510 and $2505 levels. Additional significant support for the price of gold could be the EMA 200 in the $2505 zone.

 

Silver chart analysis

Silver’s price received support from the EMA 200 moving average during this morning’s Asian session. This triggered a bullish consolidation, and the price rose to $29.60, a new daily high. We hope that today’s bullish momentum will last and that we will see further recovery to higher levels. Potential higher targets are the $29.70 and $29.80 levels. In the $29.80 zone, we expect testing of the weekly open price.

For a bearish silver price option, we need a negative consolidation below the EMA 200 moving average and the $29.30 level. Such a move will only strengthen the bearish momentum and push the price to lower support levels. Potential lower targets are $29.20 and $29.10 levels.

 

The post Gold and Silver: Gold remains on the bullish side on Friday appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
Oil and natural gas: oil in a new surge since yesterday
next post
Ethereum is pulling back again after yesterday’s failure

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

  • ‘Make NATO great again’: Hegseth pushes European allies to step up defense efforts

    February 13, 2025
  • Vance will likely be 2028 front-runner, but RNC chair ‘excited about the bench that we have’

    December 17, 2024
  • Hegseth orders ‘historic’ reduction in general officers in the military

    May 5, 2025
  • House GOP subpoenas Tim Walz over $250M COVID fraud scheme by Minnesota nonprofit

    September 4, 2024
  • Trump tax cut plan heads for House-wide vote despite GOP rebel threats, Medicaid anxiety

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

Latest Posts

  • Trump finds new leverage in Ukraine fight with Tomahawk threat and long-range strike authorization

    September 29, 2025
  • Vance: Adversaries are ‘afraid’ of US military, and that makes tough talks like Putin possible

    August 13, 2025
  • President Trump’s foreign policy playbook has our friends and foes equally rattled

    January 30, 2025

Recent Posts

  • CDC eyes narrower COVID-19 vaccine guidance ahead of 2025–2026 season

    April 15, 2025
  • Trump’s controversial plan to fire federal workers finds favor with Supreme Court

    July 16, 2025
  • Roseanne Barr blasts ‘double standard’ as Jimmy Kimmel returns to late-night show after suspension

    September 24, 2025

Editor’s Pick

  • ‘So many lies’: Schumer ambushes GOP with surprise Epstein files amendment

    September 10, 2025
  • Kamala Harris on the hot seat for ‘hiding’ from American people and her ‘Kamalanomics’ plan to increase taxes

    August 18, 2024
  • Ethereum fails to hold on to the bullish trend on Tuesday

    October 8, 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