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

Gold and Silver: Gold was back above $2,670 last night

by October 2, 2024
written by October 2, 2024

Gold and Silver: Gold was back above $2,670 last night

Yesterday’s bullish growth in the price of gold was stopped at the level of $2673
Yesterday’s bullish attempt by silver to return to the previous bullish trend was stopped at the $31.85 level

Gold chart analysis

Yesterday’s bullish growth in the price of gold was stopped at the level of $2673. At that level, we stop and start bearish consolidation. During this morning’s Asian trading session, gold continued to retreat below the $2650 level. A daily low was formed at the $2644 level. For now, we managed to stop the decline and move slightly to $2650. Bearish pressure on the price is still present, which could result in another decline later in the day.

Potential lower targets are $2640 and $2630 levels. Around $2635, we will have a meeting with the EMA 200 moving average, which was our support on Monday. We need a positive consolidation of the gold price above the $2660 weekly open level for a bullish option. Returning to the positive side will increase optimism for a continuation to the bullish side. Potential higher targets are $2670 and $2680 levels.

 

Silver chart analysis

Yesterday’s bullish attempt by silver to return to the previous bullish trend was stopped at the $31.85 level. From that level, the price turned again to the bearish side and pulled up to the $31.30 level. During this morning’s Asian session, the movement took place in the $31.30-$31.45 range. In the last two hours, new instability on the chart has caused silver to initiate a bearish consolidation to the $31.00 level.

If today’s trend continues, we can expect testing of the weekly low at the $30.86 level. In that zone, bearish momentum will strengthen, and a further retreat to a new low will follow. Potential lower targets are $30.80 and $30.60 levels. For a bullish option, silver must first move back above the EMA 200 moving average. After we stabilize again, we can expect the initiation of bullish consolidation above the $31.40 level. Potential higher targets are $31.60 and $31.80 levels.

 

The post Gold and Silver: Gold was back above $2,670 last night appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
The S&P 500 and Nasdaq retreated to new lows yesterday
next post
Top 5 moments from only VP debate between Vance and Walz before election

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

  • Trump lawyers move to dismiss Jack Smith 2020 election charges, claim he was unlawfully appointed

    October 24, 2024
  • Zyn-maker Philip Morris announces $600 million Colorado facility to ramp up production

    July 17, 2024
  • Eli Manning says ‘only one team’ he’d take an ownership stake in: The New York Giants

    January 7, 2025
  • Netanyahu’s meeting at White House moved amid Biden’s COVID recovery, Harris campaigning

    July 23, 2024
  • Fisker Stock News: Price and Forecast

    July 10, 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

    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 (5,794)
  • Investing (634)
  • Stock (894)

Latest Posts

  • GOP leader says Vance ‘absolutely prepared’ for VP debate showdown with Walz

    October 1, 2024
  • Obama to headline 2nd night of Democratic National Convention

    August 20, 2024
  • Lawsuit says Clorox hackers got passwords simply by asking

    July 23, 2025

Recent Posts

  • Should you buy Abbott stock? CEO sees multi-billion dollar opportunity in new product

    July 18, 2024
  • Darden Restaurants sales disappoint as Olive Garden, LongHorn Steakhouse miss expectations

    March 20, 2025
  • Trump to sign order lifting sanctions on Syria

    June 30, 2025

Editor’s Pick

  • Rubio bans overseas outposts commenting on foreign elections unless there’s ‘clear and compelling’ US interest

    July 17, 2025
  • Senate GOP braces for test vote on Trump’s $9.4B clawback package

    July 15, 2025
  • Trade representative nominee defends Trump tariffs in committee hearing

    February 6, 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