{"id":2914,"date":"2024-09-27T18:02:47","date_gmt":"2024-09-27T18:02:47","guid":{"rendered":"https:\/\/investingsstrategist.com\/index.php\/2024\/09\/27\/gold-and-silver-gold-price-retreats-on-friday-below\/"},"modified":"2024-09-27T18:02:47","modified_gmt":"2024-09-27T18:02:47","slug":"gold-and-silver-gold-price-retreats-on-friday-below","status":"publish","type":"post","link":"https:\/\/investingsstrategist.com\/index.php\/2024\/09\/27\/gold-and-silver-gold-price-retreats-on-friday-below\/","title":{"rendered":"Gold and Silver: Gold price retreats on Friday below $"},"content":{"rendered":"<div>\n<div><\/div>\n<h1>Gold and Silver: Gold price retreats on Friday below $2670<\/h1>\n<p><span>After the price of gold climbed to a new all-time high yesterday, we saw a pullback to the $2655 support level<\/span><br \/>\n<span>Yesterday, the price of silver failed to maintain the zone of the weekly high of $32.70<\/span><\/p>\n<h2>Gold chart analysis<\/h2>\n<p><span>After the price of gold climbed to a new all-time high yesterday, we saw a pullback to the $2655 support level. The price at that level gets support again and starts a recovery, but this time only up to the $2678 level. During this morning\u2019s Asian session, the price initiated a bearish <a href=\"https:\/\/www.financebrokerage.com\/oil-and-natural-gas-oil-has-an-opportunity-to-recover\/\">consolidation<\/a> to $2660, where it will test the EMA 50 moving average. If the support does not withstand the current pressure, gold will have to make a move below to a new daily low.<\/span><\/p>\n<p><span>Potential lower targets are the $2650 and $2640 levels. For a bullish option, we hope that the price will manage to hold above the EMA 50 and $2660. Then, from there, we need another bullish consolidation to start the gold price rally. A jump above $2675 would be a good indication that we are back on the bullish path. Potential higher targets are the $2690 and $2700 levels.<\/span><\/p>\n<\/p>\n<p>\u00a0<\/p>\n<h2>Silver chart analysis<\/h2>\n<p><span>Yesterday, the price of silver failed to maintain the zone of the weekly high of $32.70. A pullback was initiated, and the price slipped below the $32.00 level. During this morning\u2019s Asian trading session, the decline continued to $31.56, a two-day low. The EMA 50 moving average is now on the bearish side, putting further pressure on silver to continue its retreat. Potential lower targets are the $31.40 and $31.20 levels.<\/span><\/p>\n<p><span>More serious price support is on the $31.20 weekly open level with the EMA 200 moving average. If we manage to get back above the EMA 50 and the $32.00 level, it would mean that the price is starting a new bullish momentum. A return above the daily open level to the positive side would mean a lot to us. Potential higher targets are the $32.20 and $32.40 levels.<\/span><\/p>\n<\/p>\n<p>\u00a0<\/p>\n<p>The post <a href=\"https:\/\/www.financebrokerage.com\/gold-and-silver-gold-price-retreats-on-friday-below\/\">Gold and Silver: Gold price retreats on Friday below $<\/a> appeared first on <a href=\"https:\/\/www.financebrokerage.com\/\">FinanceBrokerage<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Gold and Silver: Gold price retreats on Friday below $2670 After the price of gold climbed to a new all-time high yesterday, we saw a pullback to the $2655 support level Yesterday, the price of silver failed to maintain the zone of the weekly high of $32.70 Gold chart analysis After the price of gold [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":2915,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-2914","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\/2914","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=2914"}],"version-history":[{"count":0,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/posts\/2914\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/media\/2915"}],"wp:attachment":[{"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/media?parent=2914"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/categories?post=2914"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/tags?post=2914"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}