{"id":1011,"date":"2024-08-21T18:01:04","date_gmt":"2024-08-21T18:01:04","guid":{"rendered":"https:\/\/investingsstrategist.com\/index.php\/2024\/08\/21\/gold-and-silver-gold-shines-at-new-highest-levels\/"},"modified":"2024-08-21T18:01:04","modified_gmt":"2024-08-21T18:01:04","slug":"gold-and-silver-gold-shines-at-new-highest-levels","status":"publish","type":"post","link":"https:\/\/investingsstrategist.com\/index.php\/2024\/08\/21\/gold-and-silver-gold-shines-at-new-highest-levels\/","title":{"rendered":"Gold and silver: Gold shines at new highest levels"},"content":{"rendered":"
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Gold and silver: Gold shines at new highest levels<\/h1>\n

The price of gold rose to a new all-time high yesterday at the $2531 level<\/span>
\nThe price of silver from the EU rose to $29.96 on Tuesday<\/span><\/p>\n

Gold chart analysis<\/h2>\n

The price of gold rose to a new all-time high yesterday at the $2531 level. After the formation of a new high, a pullback to the weekly open price and the $2510 level was initiated. In the first attempt, the price managed to gain support and start a recovery this morning to the $2520 level. There, we encountered new resistance<\/a> and started a new retreat. This time, it forms a daily low at the $2504 level. Gold is now trying to hold here and looking for support at the EMA 50 moving average.<\/span><\/p>\n

To continue to the bullish side, we need a positive consolidation of the price of gold and a rise above $2520. After that, the chance to see further progress to the bullish side and the formation of a new daily high increases. Potential higher targets are the $2525 and $2530 levels. A drop below the EMA 50 and $2500 for a bearish option is the first evidence that the price is under pressure and that we will see a pullback to a new daily low. Potential lower targets are $2495 and $2490 levels.<\/span><\/p>\n<\/p>\n

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Silver chart analysis<\/h2>\n

The price of silver from the EU rose to $29.96 on Tuesday. A new August high was formed there, and we were a little short of reaching the $30.00 level. The inability to continue on the bullish side triggered the pullback. The price dropped to $29.40 and held there. During the Asian session, silver was quite calm and hovered in the $29.40-$29.50 range. Now, in the US session, we see a slight recovery to the $29.66 level.<\/span><\/p>\n

This could trigger a bullish consolidation and send us to higher levels. Potential higher targets are $29.80 and $30.00 levels. For a bearish option, the price of silver would have to break below $29.40 this morning\u2019s support. With that step, we will form a new daily low and confirm that silver is on the defensive. Potential lower targets are $29.20 and $29.00 levels.<\/span><\/p>\n<\/p>\n

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The post Gold and silver: Gold shines at new highest levels<\/a> appeared first on FinanceBrokerage<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Gold and silver: Gold shines at new highest levels The price of gold rose to a new all-time high yesterday at the $2531 level The price of silver from the EU rose to $29.96 on Tuesday Gold chart analysis The price of gold rose to a new all-time high yesterday at the $2531 level. After […]<\/p>\n","protected":false},"author":0,"featured_media":1012,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-1011","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"_links":{"self":[{"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/posts\/1011","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/comments?post=1011"}],"version-history":[{"count":0,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/posts\/1011\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/media\/1012"}],"wp:attachment":[{"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/media?parent=1011"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/categories?post=1011"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/tags?post=1011"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}