The Revenue Rises
Trending Now
Stock Market News UK Update: FTSE 100 &...
Stock Market News UK Update: FTSE 100 &...
DP Trading Room: Key Support Levels for the...
Stock Market News UK Update: FTSE 100 &...
Stock Market News UK Update: FTSE 100 &...
Stock Market News UK Update: FTSE 100 &...
Stock Market News UK Update: FTSE 100 &...
Retirees ‘stunned’ as market turmoil over tariffs shrinks...
Week Ahead: NIFTY Set To Open Lower; Relative...
Market Drop Compared to 2020: What You Need...

The Revenue Rises

Economy

Gold and silver: the price of gold stabilized above $2410

by admin July 25, 2024
July 25, 2024
Gold and silver: the price of gold stabilized above $2410

Gold and silver: the price of gold stabilized above $2410

  • During this morning’s Asian trading session, the price of gold remained above the $2410 level.
  • The price of silver is recovering from above $29.00 and receiving support from the EMA 50 moving average this morning.

Gold chart analysis

During this morning’s Asian trading session, the price of gold remained above the $2410 level. The EMA 200 moving average supports the price, and it is only a question of when it will climb to a new weekly high. Potential higher targets are the $2430 and $2440 levels. If we manage to move to these levels, we could hope to visit last week’s peaks.

For a bearish option, the price of gold must pull back below the EMA 200 and $2410 levels. With that, we are heading towards the weekly open price and the $2400 level, which could be decisive for the future trend of gold. An impulse below would indicate that gold is under pressure at this week’s support zone. Further instability in this zone would negatively affect the price of gold, reinforcing the bearish momentum. Potential lower targets are the $2390 and $2380 levels.

 

Silver chart analysis

The price of silver is recovering from above $29.00 and receiving support from the EMA 50 moving average this morning. This further solidified the bullish option, and the upside is evident. We expect the formation of a new daily high above the $29.40 level. Potential higher targets are $29.60 and $29.80 levels. The price could face higher resistance in the $29.80 zone in the EMA 200 moving average. With a break above, the chances of a return above the $30.00 level increase.

For a bearish option, silver would first have to move back below $29.20 and the EMA 50 moving average. With these steps, we show that we are losing the previous bullish momentum. After that, the price would form a new daily low and thus confirm the bearish pressure. Potential lower targets are $29.00 and $28.80 levels.

 

The post Gold and silver: the price of gold stabilized above $2410 appeared first on FinanceBrokerage.

previous post
FTSE All-Share Insights: Top Performing and Declining Stocks
next post
S&P 500 Breaks Key Trendline as Growth Stocks Plunge

Related Posts

USDCHF and USDJPY: USDJPY found support at 151.93

July 27, 2024

Stock Market News UK Update: FTSE 100 &...

April 5, 2025

Stock Futures Lower after S&P 500 futures ticked...

January 18, 2025

Stock Market News UK Update: FTSE 100 &...

March 21, 2025

S&P 500 and Nasdaq under pressure from global...

August 7, 2024

OPK Stock Price, Analysis and Forecast: Should You...

September 13, 2024

BTC and ETH: Technical Analysis of Recent Price...

October 30, 2024

How Do You Use A Forex Position Size...

October 30, 2024

S&P 500 Hits Record as Fed Cuts Rates

November 11, 2024

DEFTF Stock Price and Forecast – Get All...

September 18, 2024

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Stock Market News UK Update: FTSE 100 & 250 Rise
    • Stock Market News UK Update: FTSE 100 & 250 Rise
    • DP Trading Room: Key Support Levels for the SPY
    • Stock Market News UK Update: FTSE 100 & 250 Rise
    • Stock Market News UK Update: FTSE 100 & 250 Rise

    Popular Posts

    • 1

      Polls show some good early signs for Kamala Harris

      July 26, 2024
    • 2

      Solana and Cardano: Solana is waiting for a new impulse

      July 18, 2024
    • 3

      The presidential race shifts — modestly, so far — toward Harris

      August 6, 2024
    • 4

      Donald Trump’s imaginary and frightening world

      September 23, 2024
    • 5

      DP Trading Room: PMO Sort on Earnings Darlings

      July 18, 2024

    Categories

    • Business (663)
    • Economy (965)
    • Politics (873)
    • Stocks (749)

    Disclaimer: therevenuerises.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 © 2024 The Revenue Rises. All Rights Reserved.