{"id":3108,"date":"2024-10-02T12:03:02","date_gmt":"2024-10-02T12:03:02","guid":{"rendered":"https:\/\/investingsstrategist.com\/index.php\/2024\/10\/02\/gold-and-silver-gold-was-back-above-2670-last-night\/"},"modified":"2024-10-02T12:03:02","modified_gmt":"2024-10-02T12:03:02","slug":"gold-and-silver-gold-was-back-above-2670-last-night","status":"publish","type":"post","link":"https:\/\/investingsstrategist.com\/index.php\/2024\/10\/02\/gold-and-silver-gold-was-back-above-2670-last-night\/","title":{"rendered":"Gold and Silver: Gold was back above $2,670 last night"},"content":{"rendered":"
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Gold and Silver: Gold was back above $2,670 last night<\/h1>\n

Yesterday\u2019s bullish growth in the price of gold was stopped at the level of $2673<\/span>
\nYesterday\u2019s bullish attempt by silver to return to the previous bullish trend was stopped at the $31.85 level<\/span><\/p>\n

Gold chart analysis<\/h2>\n

Yesterday\u2019s bullish growth in the price of gold was stopped at the level of $2673. At that level, we stop and start bearish consolidation<\/a>. During this morning\u2019s Asian trading session, gold continued to retreat below the $2650 level. A daily low was formed at the $2644 level. For now, we managed to stop the decline and move slightly to $2650. Bearish pressure on the price is still present, which could result in another decline later in the day.<\/span><\/p>\n

Potential lower targets are $2640 and $2630 levels. Around $2635, we will have a meeting with the EMA 200 moving average, which was our support on Monday. We need a positive consolidation of the gold price above the $2660 weekly open level for a bullish option. Returning to the positive side will increase optimism for a continuation to the bullish side. Potential higher targets are $2670 and $2680 levels.<\/span><\/p>\n<\/p>\n

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Silver chart analysis<\/h2>\n

Yesterday\u2019s bullish attempt by silver to return to the previous bullish trend was stopped at the $31.85 level. From that level, the price turned again to the bearish side and pulled up to the $31.30 level. During this morning\u2019s Asian session, the movement took place in the $31.30-$31.45 range. In the last two hours, new instability on the chart has caused silver to initiate a bearish consolidation to the $31.00 level.<\/span><\/p>\n

If today\u2019s trend continues, we can expect testing of the weekly low at the $30.86 level. In that zone, bearish momentum will strengthen, and a further retreat to a new low will follow. Potential lower targets are $30.80 and $30.60 levels. For a bullish option, silver must first move back above the EMA 200 moving average. After we stabilize again, we can expect the initiation of bullish consolidation above the $31.40 level. Potential higher targets are $31.60 and $31.80 levels.<\/span><\/p>\n<\/p>\n

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The post Gold and Silver: Gold was back above $2,670 last night<\/a> appeared first on FinanceBrokerage<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Gold and Silver: Gold was back above $2,670 last night Yesterday\u2019s bullish growth in the price of gold was stopped at the level of $2673 Yesterday\u2019s bullish attempt by silver to return to the previous bullish trend was stopped at the $31.85 level Gold chart analysis Yesterday\u2019s bullish growth in the price of gold was […]<\/p>\n","protected":false},"author":0,"featured_media":3109,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-3108","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\/3108","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=3108"}],"version-history":[{"count":0,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/posts\/3108\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/media\/3109"}],"wp:attachment":[{"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/media?parent=3108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/categories?post=3108"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/tags?post=3108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}