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

Gold and Silver: Gold is shining at a new all-time high

by September 13, 2024
written by September 13, 2024

Gold and Silver: Gold is shining at a new all-time high

The price of gold climbed to a new all-time high this morning at the $2571 level
During this morning’s Asian session, the price of silver continued yesterday’s bullish consolidation

Gold chart analysis

The price of gold climbed to a new all-time high this morning at the $2571 level. Yesterday, we had a strong bullish consolidation, which started at $2510. With only a couple of impulses, we quickly jumped past the previous high at $2531 and continued to conquer higher levels. During this morning’s Asian trading session, gold managed to hold high above the $2560 level. Everything indicates that we expect a continuation to the bullish side and a move to a new high.

Potential higher targets are the $2575 and $2580 levels. If the price starts to lose its current momentum, it will have to initiate a pullback. With the drop below the daily open level of $2558, gold moves to the bearish side and thus confirms the strengthening of the bearish momentum. Potential lower targets are the $2555 and $2550 levels.

 

Silver chart analysis

During this morning’s Asian session, the price of silver continued yesterday’s bullish consolidation. We managed to get back above the $30.00 level again and form the September high at $30.15. The price is under a strong bullish surge, and we expect a continuation of the bullish side and the formation of a new high. We are very close to reaching the August high of $30.18.

Potential higher targets are $30.20 and $30.40 levels. We need a new negative consolidation and a drop below the daily open price of $29.86 for a bearish option. Below that, silver will form a daily low and lose its previous bullish momentum. After that, it remains to watch the price pull back and test the lower levels. Potential lower targets are $29.60 and $29.40 levels.

 

The post Gold and Silver: Gold is shining at a new all-time high appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
EURUSD and GBPUSD: EURUSD is moving to a new weekly high
next post
Trump campaign declares ‘clear victory’ in Harris debate

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

  • Supreme Court to weigh state ban on transgender ‘medical treatments’ for minors

    December 4, 2024
  • Biden issues sweeping offshore oil, gas drilling ban in 625M acres of federal waters ahead of Trump transition

    January 6, 2025
  • Trump warns Iran faces ‘violence like people haven’t seen before’ if nuclear deal fails

    May 15, 2025
  • 65-year-old quit his job and emptied his life savings to start a business — now he’s worth $11 billion

    July 17, 2024
  • Qtum (QTUM) breaks out from a falling wedge pattern, signals a 70% surge

    July 18, 2024

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

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

    December 4, 2024
  • 3

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 4

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 5

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

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (4,723)
  • Investing (624)
  • Stock (773)

Latest Posts

  • Stock exchange bloodbath: Wall Street’s ‘Fear Index’ VIX soars, nears pandemic market rout

    August 5, 2024
  • Navy putting first shipborne hypersonic weapon on vessel once seen as ‘costly blunder’

    December 1, 2024
  • Europe market open: stocks inch up as trade war fears linger

    April 11, 2025

Recent Posts

  • Mike Johnson re-elected House speaker as GOP mutiny threat dissolves

    January 3, 2025
  • House DOGE hearing erupts over Democrat deeming Trump ‘grifter in chief,’ referring to ‘President Musk’

    February 26, 2025
  • The dollar index has a new opportunity to start a recovery

    August 26, 2024

Editor’s Pick

  • Expert warns UN’s role in AI regulation could lead to safety overreach

    October 5, 2024
  • Oprah town hall cost Harris campaign far more than initially claimed: report

    November 18, 2024
  • Cathie Wood’s Ark Invest sold Roku, Robinhood on Thursday: here’s what it bought

    February 14, 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