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

Gold and silver: Gold fell to a seven-day low this morning

by September 2, 2024
written by September 2, 2024

Gold and silver: Gold fell to a seven-day low this morning

Last week’s gold price movement took place in the $2500-$2530 range
During this morning’s Asian session, the price of silver was under strong bearish pressure, and we saw a drop to the $28.31 level

Gold chart analysis

Last week’s gold price movement took place in the $2500-$2530 range. On Friday, before the market closed, gold indicated that we could start a pullback below the $2500 level. During this morning’s Asian session, the price broke to $2490, thus breaking through last week’s low. With this step, we get a hint of a possible bigger pullback with the formation of a new lower low.

Potential lower targets are the $2485 and $2480 levels. For a bullish option, we need a positive consolidation and price jump above $2505 to break the EMA 200 moving average. Up there, we expect moving average support to continue on the bullish side. We are also returning above the daily open price, which could further strengthen the bullish momentum. Potential higher targets are the $2510 and $2515 levels.

 

Silver chart analysis

During this morning’s Asian session, the price of silver was under strong bearish pressure, and we saw a drop to the $28.31 level. After a short consolidation in that zone, the price started a bullish recovery to $28.60. For a bullish option, we need a continuation to $28.90 to break the daily open price. Then, it is necessary for silver to stabilize there in order to have a position to initiate a bullish consolidation.

Potential higher targets are $29.00 and $29.20 levels. In the $29.20 zone, the price will meet the EMA 200 moving average, which could be a stronger obstacle to our further recovery to the bullish side. For a bearish option, we need negative consolidation and momentum below $28.30. With that, we go to a new daily low and confirm the bearish momentum. Potential lower targets are $28.20 and $28.00 levels.

 

The post Gold and silver: Gold fell to a seven-day low this morning appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
Bitcoin price continues to pull back on Monday
next post
Fisker (FSR) Stock: Struggles, Surprises, and the Road Ahead

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

  • Majority say Biden will be remembered poorly as president says farewell to the nation: poll

    January 15, 2025
  • How Wall Street banks cashed in on Trump’s tariff turbulence as market volatility boosted equity trading revenues

    April 15, 2025
  • Harris dodging flip-flop attacks as faceless surrogates flip key positions: ‘Playing politics’

    August 15, 2024
  • EURUSD and GBPUSD: EURUSD continues to consolidate

    August 7, 2024
  • Netflix shares soar as company reports surging revenue, tops 300 million subscribers

    January 22, 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

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 4

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (6,513)
  • Investing (634)
  • Stock (941)

Latest Posts

  • OpenAI in talks to pay about $3 billion to acquire AI coding startup Windsurf

    April 17, 2025
  • Gorsuch has stern message when asked about Biden Supreme Court proposals: ‘Be careful’

    August 4, 2024
  • EURAUD and EURNZD: New annual high for EURNZD at 1.82573

    July 23, 2024

Recent Posts

  • Ken Griffin’s $44.6 million stegosaurus skeleton acquisition sets auction record

    July 18, 2024
  • I survived the Iran hostage crisis. People in countries like Iran desperately need the VOA

    April 11, 2025
  • Fetterman still enthusiastically supportive of Stefanik for US ambassador to UN: ‘Always was a hard YES’

    December 12, 2024

Editor’s Pick

  • Trump admin secures release of American missionary held in Tunisia for 13 months: report

    April 13, 2025
  • Tim Scott fires back after Milwaukee mayor says he doesn’t ‘buy’ the idea that Trump surging with Black voters

    July 17, 2024
  • Brazil’s Nubank invests $150 million in Tyme Group to expand digital banking offerings

    December 17, 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