Revenue Agenda
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
No Result
View All Result
Revenue Agenda
No Result
View All Result
Home Economy

Gold and Silver: Gold in a new rush to last week’s high

admin by admin
August 26, 2024
in Economy
0
Gold and Silver: Gold in a new rush to last week’s high
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

Gold and Silver: Gold in a new rush to last week’s high

  • The gold price continued its bullish trend at the start of this week
  • The price of silver managed to climb back above the $30.00 level today

Gold chart analysis

The gold price continued its bullish trend at the start of this week. After a short consolidation in the Asian session and support at the $2510 level, the price started a new growth. In the EU session, we see a jump to the $2525 level to a new daily high. All parameters indicate that we can hope for a further bullish trend and higher-level conquest. Potential higher targets are $2530 and $2535 levels.

For a bearish option, we need a negative consolidation and a return to the $2510 support level. With this, we threaten the daily low, and an impulse below to a new one could happen. At the $2505 level, gold will find support in the EMA 50 moving average. Failure to hold there will strengthen bearish momentum for continued pullback. Potential lower targets are the $2500 and $2495 levels.

 

Silver chart analysis

The price of silver managed to climb back above the $30.00 level today. During this morning’s Asian session, we saw a pullback to support at $29.65. From there, a strong bullish consolidation began, reaching a new daily high of $30.15. The price has good momentum and could continue to the bullish side. Potential higher targets are $30.20 and $30.30 levels.

For a bearish option, we need a new negative consolidation and a drop below the $30.00 level. This is the first sign that the bullish momentum is weakening and that we can expect a deeper pullback. After that, silver will test the daily open price. This time, we need an impulse down and a new low. Potential lower targets are the $29.70 and $29.60 levels. Additional price support could be the EMA 50 moving average in the $29.60 zone.

 

The post Gold and Silver: Gold in a new rush to last week’s high appeared first on FinanceBrokerage.


Previous Post

Ethereum price in search of a new support level

Next Post

Financial Statement Assertions: Types in Auditing

Next Post
Financial Statement Assertions: Types in Auditing

Financial Statement Assertions: Types in Auditing

  • Trending
  • Comments
  • Latest
Top 10 Potash Countries by Production (Updated 2024)

Top 10 Potash Countries by Production (Updated 2024)

August 21, 2024
Top 10 Phosphate Countries by Production (Updated 2024)

Top 10 Phosphate Countries by Production (Updated 2024)

August 1, 2024
Top 10 Uranium-producing Countries (Updated 2024)

Top 10 Uranium-producing Countries (Updated 2024)

November 6, 2024
Top 10 Cobalt Producers by Country (Updated 2024)

Top 10 Cobalt Producers by Country (Updated 2024)

September 19, 2024
Thick zones of HM mineralisation observed across Douala HM Project

Thick zones of HM mineralisation observed across Douala HM Project

0
New Hampshire Gov. Sununu signs $15.2B ‘miracle’ budget into law

New Hampshire Gov. Sununu signs $15.2B ‘miracle’ budget into law

0

Pennsylvania House clears tax credits for new teachers, nurses, police officers

0
Evers signs bipartisan sales tax bill aimed at sparing Milwaukee from bankruptcy

Evers signs bipartisan sales tax bill aimed at sparing Milwaukee from bankruptcy

0
Thick zones of HM mineralisation observed across Douala HM Project

Thick zones of HM mineralisation observed across Douala HM Project

June 23, 2025
Canada Makes Tech Leadership Moves: Axl Launches, Carney Shares Priorities at G7 Summit

Canada Makes Tech Leadership Moves: Axl Launches, Carney Shares Priorities at G7 Summit

June 23, 2025
Blue Lagoon Secures $2 Million Line of Credit from Nicola Mining Enhancing Financial Flexibility Ahead of Production

Blue Lagoon Secures $2 Million Line of Credit from Nicola Mining Enhancing Financial Flexibility Ahead of Production

June 23, 2025
LaFleur Minerals Advancing Restart of Beacon Gold Mill and Bulk Sample for Swanson Gold Project

LaFleur Minerals Advancing Restart of Beacon Gold Mill and Bulk Sample for Swanson Gold Project

June 23, 2025
Enter Your Information Below To Receive Trading Ideas and Latest News

Error: Contact form not found.

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!

Recent News

Thick zones of HM mineralisation observed across Douala HM Project

Thick zones of HM mineralisation observed across Douala HM Project

June 23, 2025
Canada Makes Tech Leadership Moves: Axl Launches, Carney Shares Priorities at G7 Summit

Canada Makes Tech Leadership Moves: Axl Launches, Carney Shares Priorities at G7 Summit

June 23, 2025
Blue Lagoon Secures $2 Million Line of Credit from Nicola Mining Enhancing Financial Flexibility Ahead of Production

Blue Lagoon Secures $2 Million Line of Credit from Nicola Mining Enhancing Financial Flexibility Ahead of Production

June 23, 2025
LaFleur Minerals Advancing Restart of Beacon Gold Mill and Bulk Sample for Swanson Gold Project

LaFleur Minerals Advancing Restart of Beacon Gold Mill and Bulk Sample for Swanson Gold Project

June 23, 2025
  • About us
  • Privacy Policy
  • Terms & Conditions
  • About us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 revenueagenda.com | All Rights Reserved

No Result
View All Result
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy

Copyright © 2025 revenueagenda.com | All Rights Reserved