{"id":3804,"date":"2024-10-18T12:04:08","date_gmt":"2024-10-18T12:04:08","guid":{"rendered":"https:\/\/investingsstrategist.com\/index.php\/2024\/10\/18\/gold-and-silver-gold-continues-to-climb-to-higher-levels\/"},"modified":"2024-10-18T12:04:08","modified_gmt":"2024-10-18T12:04:08","slug":"gold-and-silver-gold-continues-to-climb-to-higher-levels","status":"publish","type":"post","link":"https:\/\/investingsstrategist.com\/index.php\/2024\/10\/18\/gold-and-silver-gold-continues-to-climb-to-higher-levels\/","title":{"rendered":"Gold and Silver: Gold continues to climb to higher levels"},"content":{"rendered":"<div>\n<h1>Gold and Silver: Gold continues to climb to higher levels<\/h1>\n<p><span>The price of gold on Friday, October 18, gets a new bullish boost to a new all-time high at the $2714 level<\/span><br \/>\n<span>During this morning\u2019s Asian trading session, the price of silver initiated a bullish consolidation again above the $32.00 level<\/span><\/p>\n<h2>Gold chart analysis<\/h2>\n<p><span>The price of gold on Friday, October 18, gets a new bullish boost to a new all-time high at the $2714 level. After that, we initiated a pullback to the $2702 level. Here, the price stops the further pullback and reverts to the bullish side. With two new bullish impulses, gold rises again above $2710 and approaches the previous high. We need one more impulse, and here we are at a new all-time high.<\/span><\/p>\n<p><span>Potential higher targets are the $2720 and $2730 levels. For a bearish <a href=\"https:\/\/www.financebrokerage.com\/oil-and-natural-gas-natural-gas-under-pressure-ema-200\/\">option<\/a>, we need a negative consolidation of the gold price below the $2700 level. After that move, space opens up towards the daily open level of $2693. In that zone, we can test the EMA 50 moving average because it was our support in the previous days. This time, we need a break below and the formation of a new daily low. Potential lower targets are $2690 and $2680 levels.<\/span><\/p>\n<p>\u00a0<\/p>\n<h2>Silver chart analysis<\/h2>\n<p><span>During this morning\u2019s Asian trading session, the price of silver initiated a bullish consolidation again above the $32.00 level. We formed a daily high at $32.17 and confirmed the weekly high. The price has been in a stable bullish consolidation and has received support from EMA 50 and EMA 200 since Tuesday, October 15. We expect to see further growth and a breakout to a new weekly high. Potential higher targets are $32.20 and $32.30 levels.<\/span><\/p>\n<p><span>For a bearish option, the price of silver must remain below the $32.00 level. Failure to move above will add to the momentum and trigger a bearish consolidation. Going down to the $31.80 level, we are back to testing the EMA 50 moving average. This time, we hope for a break below and the formation of a new daily low. Potential lower targets are $31.70 and $31.60 levels.<\/span><\/p>\n<\/p>\n<p>\u00a0<\/p>\n<p>The post <a href=\"https:\/\/www.financebrokerage.com\/gold-and-silver-gold-continues-to-climb-to-higher-levels\/\">Gold and Silver: Gold continues to climb to higher levels<\/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 continues to climb to higher levels The price of gold on Friday, October 18, gets a new bullish boost to a new all-time high at the $2714 level During this morning\u2019s Asian trading session, the price of silver initiated a bullish consolidation again above the $32.00 level Gold chart analysis The [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":3805,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-3804","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\/3804","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=3804"}],"version-history":[{"count":0,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/posts\/3804\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/media\/3805"}],"wp:attachment":[{"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/media?parent=3804"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/categories?post=3804"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/tags?post=3804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}