• Economy
  • Investing
Long Distance Investing
  • Stock
  • Editor’s Pick
Stock

Gold and Silver: New Higher Targets and Prices on Friday

by October 4, 2024
written by October 4, 2024

Gold and Silver: New Higher Targets and Prices on Friday

During this morning’s 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’s 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’s previous high was at $2673, and we hope for a new one after the NFP report.

For a bearish option, we need a negative consolidation of the gold price back to $2655. This moves us to this morning’s 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.

 

Silver chart analysis

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’s high was at $32.71.

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.

 

The post Gold and Silver: New Higher Targets and Prices on Friday appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
Oil and Natural Gas: New Highs and Targets for Friday
next post
Bitcoin and Ethereum: New Support and Targets for Friday

You may also like

Buy Bitcoin Under $100K Before The Next Bull...

April 22, 2025

Trump’s Fed Criticism Sparks Investor Concerns

April 22, 2025

Oil Prices Rebound After Trump’s Criticism of Powell

April 22, 2025

BNB Price Surge Leads Crypto Gains as Bitcoin...

April 21, 2025

Fed’s Stagflation Warning Impacts Crypto Markets

April 21, 2025

Gold Price Surge Hits $3,385 Amid Trade Tensions

April 21, 2025

Bitcoin Rebounds to $83,404 Amid Renewed Investor Confidence

April 21, 2025

Kraken Rolls Out Commission-Free Stock Trading

April 21, 2025

Bitcoin Nears $85K Amid Market Optimism

April 21, 2025

Bitcoin Slips to $83.6K Amid Nvidia’s $5.5B Charge

April 21, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • White House accuses Powell of mismanaging Federal Reserve, citing headquarters renovation

      July 10, 2025
    • Italian chocolate giant Ferrero to buy Kellogg’s Froot Loops maker

      July 10, 2025
    • OpenAI to release web browser in challenge to Google Chrome

      July 10, 2025
    • Sports executive charged with bid-rigging in Texas arena project

      July 10, 2025

    Categories

    • Economy (785)
    • Editor's Pick (422)
    • Investing (4,555)
    • Stock (820)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: Longdistanceinvestings.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 Longdistanceinvestings.com

    Long Distance Investing
    • Economy
    • Investing
    Long Distance Investing
    • Stock
    • Editor’s Pick