{"id":38591,"date":"2024-09-14T10:24:24","date_gmt":"2024-09-14T10:24:24","guid":{"rendered":"https:\/\/marketmakersjournal.com\/2024\/09\/14\/gold-and-silver-gold-is-shining-at-a-new-all-time-high\/"},"modified":"2024-09-14T10:24:24","modified_gmt":"2024-09-14T10:24:24","slug":"gold-and-silver-gold-is-shining-at-a-new-all-time-high","status":"publish","type":"post","link":"https:\/\/marketmakersjournal.com\/2024\/09\/14\/gold-and-silver-gold-is-shining-at-a-new-all-time-high\/","title":{"rendered":"Gold and Silver: Gold is shining at a new all-time high"},"content":{"rendered":"<div>\n<div style=\"margin-bottom:20px\"><\/div>\n<h1><b>Gold and Silver: Gold is shining at a new all-time high<\/b><\/h1>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">The price of gold climbed to a new all-time high this morning at the $2571 level<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">During this morning\u2019s Asian session, the price of silver continued yesterday\u2019s bullish consolidation<\/span><\/li>\n<\/ul>\n<h2><b>Gold chart analysis<\/b><\/h2>\n<p><span style=\"font-weight: 400\">The price of gold climbed to a new all-time high this morning at the $2571 level. Yesterday, we had a strong bullish consolidation, which started at $2510. With only a couple of impulses, we quickly jumped past the previous high at $2531 and continued to conquer higher levels. During this morning\u2019s Asian trading session, gold managed to hold high above the $2560 level. Everything indicates that we expect a <a href=\"https:\/\/www.financebrokerage.com\/bitcoin-and-ethereum-positive-week-for-bitcoin-price\/\">continuation<\/a> to the bullish side and a move to a new high.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Potential higher targets are the $2575 and $2580 levels. If the price starts to lose its current momentum, it will have to initiate a pullback. With the drop below the daily open level of $2558, gold moves to the bearish side and thus confirms the strengthening of the bearish momentum. Potential lower targets are the $2555 and $2550 levels.<\/span><\/p>\n<\/p>\n<p>\u00a0<\/p>\n<h2><b>Silver chart analysis<\/b><\/h2>\n<p><span style=\"font-weight: 400\">During this morning\u2019s Asian session, the price of silver continued yesterday\u2019s bullish consolidation. We managed to get back above the $30.00 level again and form the September high at $30.15. The price is under a strong bullish surge, and we expect a continuation of the bullish side and the formation of a new high. We are very close to reaching the August high of $30.18.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Potential higher targets are $30.20 and $30.40 levels. We need a new negative consolidation and a drop below the daily open price of $29.86 for a bearish option. Below that, silver will form a daily low and lose its previous bullish momentum. After that, it remains to watch the price pull back and test the lower levels. Potential lower targets are $29.60 and $29.40 levels.<\/span><\/p>\n<\/p>\n<p>\u00a0<\/p>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/www.financebrokerage.com\/gold-and-silver-gold-is-shining-at-a-new-all-time-high\/\">Gold and Silver: Gold is shining at a new all-time high<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/www.financebrokerage.com\/\">FinanceBrokerage<\/a>.<\/p>\n<\/div>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold and Silver: Gold is shining at a new all-time high The price of&hellip;<\/p>\n","protected":false},"author":1,"featured_media":38592,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[],"class_list":["post-38591","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"_links":{"self":[{"href":"https:\/\/marketmakersjournal.com\/wp-json\/wp\/v2\/posts\/38591","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/marketmakersjournal.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/marketmakersjournal.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/marketmakersjournal.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/marketmakersjournal.com\/wp-json\/wp\/v2\/comments?post=38591"}],"version-history":[{"count":0,"href":"https:\/\/marketmakersjournal.com\/wp-json\/wp\/v2\/posts\/38591\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/marketmakersjournal.com\/wp-json\/wp\/v2\/media\/38592"}],"wp:attachment":[{"href":"https:\/\/marketmakersjournal.com\/wp-json\/wp\/v2\/media?parent=38591"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/marketmakersjournal.com\/wp-json\/wp\/v2\/categories?post=38591"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/marketmakersjournal.com\/wp-json\/wp\/v2\/tags?post=38591"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}