- During the Asian trading session, the price of gold was stable above the $1800 level.
- The price of silver yesterday consolidated and formed a new bottom at the $23.40 level.
Gold chart analysis
During the Asian trading session, the price of gold was stable above the $1800 level. We saw a minor price recovery to the $1810 level. For now, we have resistance at that point, and the price of gold is retreating to the $1805 level. Market volatility is very weak, and we could expect a sideways movement in the gold price. The bigger picture is that we have been in a bullish trend since November after the US janitor started to weaken. Perhaps the price of gold could once again visit the $1820 level by the end of the year.
Silver chart analysis
The price of silver yesterday consolidated and formed a new bottom at the $23.40 level. During the Asian trading session, the price of silver started a recovery, and now we are already at the $23.80 level. If the current consolidation continues, we could revisit the $24.00 level. The future movement of the silver price will also depend on the consolidation in that place.
If we see a break above, we will see a continuation of the recovery, and the targets are the $24.20 and $24.40 levels. For a bearish option, we need to break below the $23.40 support level.
.embed_code iframe{height:325px!important}.embed_code p{margin-top:18%;text-align:center}.embed_code{height:370px;width:80%;margin:auto}.embed_code h2{font-size:22px}
BONUS VIDEO: Weekly news summary from the markets
[embedded content]
- SEO Powered Content & PR Distribution. Get Amplified Today.
- Platoblockchain. Web3 Metaverse Intelligence. Knowledge Amplified. Access Here.
- Source: https://www.financebrokerage.com/gold-and-silver-minor-recovery-compared-to-yesterday/
- 1
- a
- above
- After
- already
- analysis
- and
- asian
- bearish
- below
- bigger
- Bottom
- Break
- Bullish
- Buying
- Chart
- compared
- consolidation
- content
- continuation
- continues
- could
- Current
- during
- embedded
- expect
- formed
- from
- future
- Gold
- gold price
- HTTPS
- in
- Level
- levels
- Margin
- Market
- minor
- movement
- Need
- New
- news
- November
- Option
- perhaps
- picture
- Place
- plato
- Plato Data Intelligence
- PlatoData
- player
- Point
- price
- recovery
- Resistance
- session
- sideways
- Silver
- Silver Price
- since
- stable
- started
- SUMMARY
- support
- support level
- targets
- The
- The Future
- to
- Trading
- Trend
- us
- Video
- Volatility
- webp
- weekly
- will
- year
- youtube
- zephyrnet