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

Gold and Silver: New Higher Targets and Prices on Friday

by October 4, 2024
written by October 4, 2024

Gold and Silver: New Higher Targets and Prices on Friday

During this morning’s Asian trading session, the price of gold received support at the $2656 level
The price of silver gained new support this morning at the $32.00 level

Gold chart analysis

During this morning’s Asian trading session, the price of gold received support at the $2656 level. From there, a bullish consolidation was initiated to the daily high at $2667. At the moment, we have a small pause there, but we remain still in a bullish consolidation. For growth above $2670, we need a new bullish impulse. Potential higher targets are $2675 and $2680 levels. This week’s previous high was at $2673, and we hope for a new one after the NFP report.

For a bearish option, we need a negative consolidation of the gold price back to $2655. This moves us to this morning’s support, and the pressure increases because we are now below the weekly open price. That will build bearish momentum for a continued pullback to new lower support. Potential lower targets are $2650 and $2645 levels. Additional support for gold at $2645 is the EMA 200 moving average, which has kept us bullish this week.

 

Silver chart analysis

The price of silver gained new support this morning at the $32.00 level. After that, we saw a bullish consolidation up to the $32.27 level. Our target is to reach the previous weekly high at $32.30 and form a new one. For something like that, we need a new impulse that would take us above. Potential higher targets are $32.40 and $32.50 levels. Last week’s high was at $32.71.

For a bearish option, the price of silver must go back down to the daily open level of $32.00. Then, we need to see a break below to a new daily low. This gives us confirmation of the bearish presence, and we expect to see a pullback to new lower support. Potential lower targets are $31.80 and $31.60 levels. We will test the weekly open price at $31.60. If it does not hold, we will try to look for support in the EMA 200 moving average at $31.50.

 

The post Gold and Silver: New Higher Targets and Prices on Friday appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
EURUSD and GBPUSD: New Support and Targets for Friday
next post
Bitcoin and Ethereum: New Support and Targets for Friday

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

  • Kamala Harris plans to skip historic Al Smith dinner despite long-standing tradition: report

    September 22, 2024
  • Hegseth shared details of Yemen strikes in second Signal chat: report

    April 21, 2025
  • Trump camp says Dem rhetoric ‘directly to blame’ for past assassination attempts

    October 24, 2024
  • SAP SE: $277B Giant’s Growth Trajectory at $225.85

    October 4, 2024
  • Dockworkers union, port companies reach tentative 6-year deal

    January 9, 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

    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 (4,735)
  • Investing (624)
  • Stock (775)

Latest Posts

  • 124 Dems oppose historically bipartisan defense bill over restrictions on transgender treatments for minors

    December 12, 2024
  • Vance says his mission at GOP convention speech is ‘to fire up the crowd tonight’

    July 17, 2024
  • Melania Trump wears navy coat and hat for Inauguration Day church visit

    January 20, 2025

Recent Posts

  • Most Americans have never heard of Tim Walz, Harris’ VP pick

    August 6, 2024
  • Oil and natural gas: oil makes an impulse to a new low

    September 2, 2024
  • 2 Americans released in exchange for Taliban prisoner

    January 21, 2025

Editor’s Pick

  • Ukraine: How the war shifted in 2024

    December 31, 2024
  • Tlaib ally mourns assassination of top Hamas leader: ‘His martyrdom is not in vain’

    July 31, 2024
  • New Secret Service chief grilled on ‘pattern of negligence’ within agency after Trump assassination attempt

    July 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