{"id":866,"date":"2024-08-19T12:03:57","date_gmt":"2024-08-19T12:03:57","guid":{"rendered":"https:\/\/investingsstrategist.com\/index.php\/2024\/08\/19\/gold-and-silver-gold-at-a-new-all-time-high-on-friday\/"},"modified":"2024-08-19T12:03:57","modified_gmt":"2024-08-19T12:03:57","slug":"gold-and-silver-gold-at-a-new-all-time-high-on-friday","status":"publish","type":"post","link":"https:\/\/investingsstrategist.com\/index.php\/2024\/08\/19\/gold-and-silver-gold-at-a-new-all-time-high-on-friday\/","title":{"rendered":"Gold and Silver: Gold at a new all-time high on Friday"},"content":{"rendered":"
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Gold and Silver: Gold at a new all-time high on Friday<\/h1>\n

On Friday evening, the price of gold rose to $2,509, a new all-time high<\/span>
\nA new two-week high silver price was formed this morning at the $29.13 level<\/span><\/p>\n

Gold chart analysis<\/h2>\n

On Friday evening, the price of gold rose to $2,509, a new all-time high. A strong bullish trend on Friday raised the price by $50. During this morning\u2019s Asian trading session, the price retreated to $2495 and formed a daily low there. As we got closer to the EU session<\/a>, the price rose. It is now at $2504 and on its way to the previous high. Very quickly, with a new impulse, we would skip the previous high and form a new one.<\/span><\/p>\n

Potential higher targets are the $2510 and $2520 levels. For a bearish option, we need a negative consolidation and a drop below $2495. With the formation of a new daily low, gold increases the bearish pressure. This will influence us to see a further retreat and the formation of a new daily low. Potential lower targets are the $2490 and $2480 levels. Additional support for the price of gold is the EMA 50 moving average in the zone of the $2480 level.<\/span><\/p>\n<\/p>\n

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Silver chart analysis<\/h2>\n

A new two-week high silver price was formed this morning at the $29.13 level. During this morning\u2019s Asian session, the price of silver managed to stay high in the zone of last week\u2019s high. Today, we see a jump to a new high. After that, the price loses momentum and initiates a pullback to $28.90. There is increasing pressure on the price to initiate a deeper pullback. This morning\u2019s silver low was at the $28.70 level. Going down there, we can expect an increase in bearish pressure and a further pullback of the price to a new daily low.<\/span><\/p>\n

Potential lower targets are $28.60 and $28.40 levels. Additional support can be expected in the EMA 50 moving average zone, while the 200 EMA is at $28.00. For a bullish option, silver must return above the $29.00 daily open price. After that, we will be close to testing this morning\u2019s high, and we may see the formation of a new one. Potential higher targets are $29.20 and $29.40.<\/span><\/p>\n<\/p>\n

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The post Gold and Silver: Gold at a new all-time high on Friday<\/a> appeared first on FinanceBrokerage<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Gold and Silver: Gold at a new all-time high on Friday On Friday evening, the price of gold rose to $2,509, a new all-time high A new two-week high silver price was formed this morning at the $29.13 level Gold chart analysis On Friday evening, the price of gold rose to $2,509, a new all-time […]<\/p>\n","protected":false},"author":0,"featured_media":867,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-866","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\/866","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=866"}],"version-history":[{"count":0,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/posts\/866\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/media\/867"}],"wp:attachment":[{"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/media?parent=866"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/categories?post=866"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/tags?post=866"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}