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 remains on the bullish side on Friday

admin by admin
August 30, 2024
in Economy
0
Gold and Silver: Gold remains on the bullish side on Friday
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

Gold and Silver: Gold remains on the bullish side on Friday

  • During this morning’s Asian session, the price of gold retreated to the weekly open price, where it gained new support
  • Silver’s price received support from the EMA 200 moving average during this morning’s Asian session

Gold chart analysis

During this morning’s Asian session, the price of gold retreated to the weekly open price, where it gained new support. After that, a bullish consolidation was initiated up to $2525, a new daily high. Now, we expect to continue the growth and test yesterday’s high at the $2529 level. If the bullish momentum of the gold price continues, we will going to test the all-time high price.

Potential higher targets are the $2535 and $2540 levels. For a bearish option, we need a return to the weekly open price. This will put pressure on that level again, but this time, we may see a break below to a new daily low. Potential lower targets are the $2510 and $2505 levels. Additional significant support for the price of gold could be the EMA 200 in the $2505 zone.

 

Silver chart analysis

Silver’s price received support from the EMA 200 moving average during this morning’s Asian session. This triggered a bullish consolidation, and the price rose to $29.60, a new daily high. We hope that today’s bullish momentum will last and that we will see further recovery to higher levels. Potential higher targets are the $29.70 and $29.80 levels. In the $29.80 zone, we expect testing of the weekly open price.

For a bearish silver price option, we need a negative consolidation below the EMA 200 moving average and the $29.30 level. Such a move will only strengthen the bearish momentum and push the price to lower support levels. Potential lower targets are $29.20 and $29.10 levels.

 

The post Gold and Silver: Gold remains on the bullish side on Friday appeared first on FinanceBrokerage.


Previous Post

Trading Chart Patterns: A Comprehensive Guide

Next Post

Oil and natural gas: oil in a new surge since yesterday

Next Post
Oil and natural gas: oil in a new surge since yesterday

Oil and natural gas: oil in a new surge since yesterday

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

Top 10 Potash Countries by Production (Updated 2024)

August 21, 2024
Top 10 Cobalt Producers by Country (Updated 2024)

Top 10 Cobalt Producers by Country (Updated 2024)

September 19, 2024
Sen. Peter Welch says Israel ground invasion would ‘exacerbate’ conditions in Gaza: ‘Grave concerns’

Sen. Peter Welch says Israel ground invasion would ‘exacerbate’ conditions in Gaza: ‘Grave concerns’

October 24, 2023
Top 10 Phosphate Countries by Production (Updated 2024)

Top 10 Phosphate Countries by Production (Updated 2024)

August 1, 2024
Web Summit 2025: AI Innovation, Investment Shifts and Global Tech Alliances Take Center Stage

Web Summit 2025: AI Innovation, Investment Shifts and Global Tech Alliances Take Center Stage

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
Web Summit 2025: AI Innovation, Investment Shifts and Global Tech Alliances Take Center Stage

Web Summit 2025: AI Innovation, Investment Shifts and Global Tech Alliances Take Center Stage

June 7, 2025
How AI is Poised to Rewire the Foundations of Medicine

How AI is Poised to Rewire the Foundations of Medicine

June 7, 2025
Trailbreaker Resources Announces Exchange Approval Of COHO Property Option

Trailbreaker Resources Announces Exchange Approval Of COHO Property Option

June 7, 2025
Hempalta Provides Strategic Update Regarding Equipment Sale and FCC Agreement

Hempalta Provides Strategic Update Regarding Equipment Sale and FCC Agreement

June 7, 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

Web Summit 2025: AI Innovation, Investment Shifts and Global Tech Alliances Take Center Stage

Web Summit 2025: AI Innovation, Investment Shifts and Global Tech Alliances Take Center Stage

June 7, 2025
How AI is Poised to Rewire the Foundations of Medicine

How AI is Poised to Rewire the Foundations of Medicine

June 7, 2025
Trailbreaker Resources Announces Exchange Approval Of COHO Property Option

Trailbreaker Resources Announces Exchange Approval Of COHO Property Option

June 7, 2025
Hempalta Provides Strategic Update Regarding Equipment Sale and FCC Agreement

Hempalta Provides Strategic Update Regarding Equipment Sale and FCC Agreement

June 7, 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