Connect with us

Hi, what are you looking for?

Oracle of  Omaha Says – Investing and Stock NewsOracle of  Omaha Says – Investing and Stock News

Economy

Gold and silver: the price of gold yesterday above $1960

Gold and silver: the price of gold yesterday above $1960

 

During the Asian trading session, the price of gold climbed to the $1964 level after almost a month.
During the Asian trading session, the silver price rose to $24.90.

 

Gold chart analysis

During the Asian trading session, the price of gold climbed to the $1964 level after almost a month. In the EU session, we see a retreat of the gold price to $1955 and a possible deeper fall within the new correction. The next potential support target is the $1950 level.

We need a negative consolidation and a drop below the $1950 level for a bearish option. That could produce additional volatility in the price and send it even lower. Potential lower targets are the $1945 and $1940 levels. We need a positive consolidation and a price jump above the $1965 level for a bullish option. Then we need to stay up there in order to start a new jump to higher levels from that place. Potential higher targets are the $1970 and $1975 levels.

Silver chart analysis

During the Asian trading session, the silver price rose to $24.90. We returned to that level after two months. Now we see a slight bearish consolidation and a potential price pullback. The first support is the $24.60 level, and if it does not hold and we see a break below, silver prices could slide even lower. Potential lower targets are $24.40 and $24.20, and $24.00.

We need a positive consolidation and a jump to the $25.00 level for a bullish option. Then we need to move above and try to stay up there. With the next bullish impulse, we would see a continuation of the silver price recovery. Potential higher targets are $25.20 and $25.40 levels.

 

The post Gold and silver: the price of gold yesterday above $1960 appeared first on FinanceBrokerage.

Trending

You May Also Like

Latest News

A former Republican legislative candidate who traveled to Washington for former President Donald Trump’s ‘Stop the Steal’ rally was arrested Friday and charged with...

Stock

Even as U.S. inflation broadly cools, frozen vegetable prices are hot. The average shelf price for frozen veggies rose by 18% in the past year...

Latest News

Abbe Lowell, Hunter Biden’s attorney, filed an ethics complaint Friday against Georgia Rep. Marjorie Taylor Green after she displayed censured nude photos of the president’s...

Latest News

President Biden has overruled the Pentagon and chosen Adm. Lisa Franchetti to lead the Navy, making her the first woman, if she’s confirmed, to...

Disclaimer: Oracleofomahasays.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 Oracleofomahasays.com