{"id":4057,"date":"2024-10-25T12:03:51","date_gmt":"2024-10-25T12:03:51","guid":{"rendered":"https:\/\/investingsstrategist.com\/index.php\/2024\/10\/25\/gold-and-silver-metal-prices-fall-to-new-weekly-lows\/"},"modified":"2024-10-25T12:03:51","modified_gmt":"2024-10-25T12:03:51","slug":"gold-and-silver-metal-prices-fall-to-new-weekly-lows","status":"publish","type":"post","link":"https:\/\/investingsstrategist.com\/index.php\/2024\/10\/25\/gold-and-silver-metal-prices-fall-to-new-weekly-lows\/","title":{"rendered":"Gold and silver: Metal prices fall to new weekly lows"},"content":{"rendered":"<div>\n<h1>Gold and silver: Metal prices fall to new weekly lows<\/h1>\n<p><span>During this morning\u2019s Asian trading session, the price of gold was in a bearish consolidation with the $2736 level<\/span><br \/>\n<span>The price of silver is in a bearish trend for the third day, with the formation of a weekly low at the $33.10 level<\/span><\/p>\n<h2>Gold chart analysis<\/h2>\n<p><span>During this morning\u2019s Asian trading session, the price of gold was in a bearish consolidation with the $2736 level. In the EU session, pressure on the price continues and we see the formation of a daily low at the $2719 level. With this step, we fell below the weekly open level, which could be a problem for a potential <a href=\"https:\/\/www.financebrokerage.com\/oil-and-natural-gas-friday-targets-and-prices\/\">continuation<\/a> to the bullish side. Now, gold is under pressure to continue its retreat and look for new support.<\/span><\/p>\n<p><span>Potential lower targets are $2710 and $2700 levels. The EMA 200 moving average in the $2710 zone could slow or stop the gold price decline. For a bullish option, the price must first return above $2720 and the weekly open level. After we stabilize there again, we have an opportunity to initiate a bullish consolidation. Potential higher targets are the $2730 and $2740 levels.<\/span><\/p>\n<p>\u00a0<\/p>\n<h2>Silver chart analysis<\/h2>\n<p><span>The price of silver is in a bearish trend for the third day, with the formation of a weekly low at the $33.10 level. During this morning\u2019s Asian trading session, the price intensified bearish consolidation, leading to a break below $33.50. We are getting closer to breaking below the $33.00 level. The price has broken below the EMA 200 moving average, which will only strengthen the bearish momentum to continue to the next lower support.<\/span><\/p>\n<p><span>Potential lower targets are $32.80 and $32.60 levels. For a bullish option, silver must move back above $33.20 and the EMA 200 moving average. Then, we need to stabilize there before we start the recovery. After that, the next resistance is in the $33.60-$33.70 zone. We will test the weekly open level there, and we hope to break above and return to the bullish side. Potential higher targets are $33.80 and $34.00 levels.<\/span><\/p>\n<\/p>\n<p>\u00a0<\/p>\n<p>The post <a href=\"https:\/\/www.financebrokerage.com\/gold-and-silver-metal-prices-fall-to-new-weekly-lows\/\">Gold and silver: Metal prices fall to new weekly lows<\/a> appeared first on <a href=\"https:\/\/www.financebrokerage.com\/\">FinanceBrokerage<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Gold and silver: Metal prices fall to new weekly lows During this morning\u2019s Asian trading session, the price of gold was in a bearish consolidation with the $2736 level The price of silver is in a bearish trend for the third day, with the formation of a weekly low at the $33.10 level Gold chart [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":4058,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-4057","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\/4057","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=4057"}],"version-history":[{"count":0,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/posts\/4057\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/media\/4058"}],"wp:attachment":[{"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/media?parent=4057"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/categories?post=4057"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/tags?post=4057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}