{"id":3216,"date":"2024-10-04T12:03:17","date_gmt":"2024-10-04T12:03:17","guid":{"rendered":"https:\/\/investingsstrategist.com\/index.php\/2024\/10\/04\/gold-and-silver-new-higher-targets-and-prices-on-friday\/"},"modified":"2024-10-04T12:03:17","modified_gmt":"2024-10-04T12:03:17","slug":"gold-and-silver-new-higher-targets-and-prices-on-friday","status":"publish","type":"post","link":"https:\/\/investingsstrategist.com\/index.php\/2024\/10\/04\/gold-and-silver-new-higher-targets-and-prices-on-friday\/","title":{"rendered":"Gold and Silver: New Higher Targets and Prices on Friday"},"content":{"rendered":"
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Gold and Silver: New Higher Targets and Prices on Friday<\/h1>\n

During this morning\u2019s Asian trading session, the price of gold received support at the $2656 level<\/span>
\nThe price of silver gained new support this morning at the $32.00 level<\/span><\/p>\n

Gold chart analysis<\/h2>\n

During this morning\u2019s Asian trading session, the price of gold received support at the $2656 level. From there, a bullish consolidation was initiated to the daily high at $2667. At the moment, we have a small pause there, but we remain still in a bullish consolidation. For growth above $2670, we need a new bullish impulse. Potential higher targets are $2675 and $2680 levels. This week\u2019s previous high was at $2673, and we hope for a new one after the NFP report.<\/span><\/p>\n

For a bearish option, we need a negative consolidation<\/a> of the gold price back to $2655. This moves us to this morning\u2019s support, and the pressure increases because we are now below the weekly open price. That will build bearish momentum for a continued pullback to new lower support. Potential lower targets are $2650 and $2645 levels. Additional support for gold at $2645 is the EMA 200 moving average, which has kept us bullish this week.<\/span><\/p>\n<\/p>\n

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Silver chart analysis<\/h2>\n

The price of silver gained new support this morning at the $32.00 level. After that, we saw a bullish consolidation up to the $32.27 level. Our target is to reach the previous weekly high at $32.30 and form a new one. For something like that, we need a new impulse that would take us above. Potential higher targets are $32.40 and $32.50 levels. Last week\u2019s high was at $32.71.<\/span><\/p>\n

For a bearish option, the price of silver must go back down to the daily open level of $32.00. Then, we need to see a break below to a new daily low. This gives us confirmation of the bearish presence, and we expect to see a pullback to new lower support. Potential lower targets are $31.80 and $31.60 levels. We will test the weekly open price at $31.60. If it does not hold, we will try to look for support in the EMA 200 moving average at $31.50.<\/span><\/p>\n<\/p>\n

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The post Gold and Silver: New Higher Targets and Prices on Friday<\/a> appeared first on FinanceBrokerage<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Gold and Silver: New Higher Targets and Prices on Friday During this morning\u2019s Asian trading session, the price of gold received support at the $2656 level The price of silver gained new support this morning at the $32.00 level Gold chart analysis During this morning\u2019s Asian trading session, the price of gold received support at […]<\/p>\n","protected":false},"author":0,"featured_media":3217,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-3216","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\/3216","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=3216"}],"version-history":[{"count":0,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/posts\/3216\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/media\/3217"}],"wp:attachment":[{"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/media?parent=3216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/categories?post=3216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/tags?post=3216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}