- During the Asian session, the price of gold manages to gain support at the 2015$ level.
- The price of silver yesterday had a very positive day, with a jump to $25.66.
Gold chart analysis
During the Asian session, the price of gold manages to gain support at the 2015$ level. This was followed by a bullish impulse that pushed the price all the way to the $2029 level. For now, that level is an obstacle for us, and the price of gold has retreated to the $2025 level. We are now looking at the 2020$ level as the place of the next potential support. A drop below could see a continuation of the pullback to this morning’s support level at the $2015 level. If we don’t get support there either, the price could continue toward the $2000 level. We need a positive consolidation and price breakout above the $2030 level for a bullish option. Then we need to try to stay above so that we can consolidate ourselves above and continue to grow.
Silver chart analysis
The price of silver yesterday had a very positive day, with a jump to $25.66. In the previous week, we had resistance at $25.00, and yesterday we managed to break above and form a new higher high. After forming a new higher high, the price returned to the $25.05 level. Silver is again supported at that level, and we are starting new growth. During the Asian trading session, the price hovered around the $25.50 level. We now see a new breakout above and are once again above the $25.60 level. Potential higher targets are the $25.70 and $25.75 levels. For a bearish option, we need a negative consolidation and a new pullback to this morning’s low at $25.40. A break below could be considered a continuation of the pullback to psychological support at the $25.00 level.
.embed_code iframe {
height: 325px !important
}
.embed_code p { margin-top: 18%; text-align: center;
}
.embed_code { height: 370px; width: 80%; margin: auto;
}
.embed_code h2{ font-size: 22px;
}
BONUS VIDEO: Weekly news summary from the markets
[embedded content]
- SEO Powered Content & PR Distribution. Get Amplified Today.
- Platoblockchain. Web3 Metaverse Intelligence. Knowledge Amplified. Access Here.
- Minting the Future w Adryenn Ashley. Access Here.
- Source: https://www.financebrokerage.com/gold-and-silver-gold-jumps-to-the-2030-level/
- :is
- ][p
- 1
- 70
- a
- above
- After
- All
- analysis
- and
- ARE
- around
- AS
- asian
- At
- auto
- BE
- bearish
- below
- Break
- breakout
- Bullish
- by
- CAN
- Center
- Chart
- considered
- consolidate
- consolidation
- content
- continuation
- continue
- could
- day
- Dont
- Drop
- during
- either
- embedded
- followed
- For
- form
- from
- Gain
- get
- Gold
- Grow
- Growth
- height
- High
- higher
- HTTPS
- in
- jpg
- jump
- jumps
- Level
- levels
- looking
- Low
- managed
- manages
- Margin
- Need
- negative
- New
- news
- next
- obstacle
- of
- Option
- Place
- plato
- Plato Data Intelligence
- PlatoData
- player
- positive
- potential
- previous
- price
- pullback
- pushed
- Resistance
- session
- Silver
- So
- Starting
- stay
- SUMMARY
- support
- support level
- Supported
- targets
- that
- The
- to
- toward
- Trading
- us
- Video
- Way..
- webp
- week
- weekly
- with
- youtube
- zephyrnet