Gold is stable at $1995 and silver is holding at $23.70

<div><img width="1200" height="800" src="https://www.financebrokerage.com/wp-content/uploads/2023/02/gold-2.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="gold" decoding="async" loading="lazy" /></div><h1><b>Gold is stable at $1995 and silver is holding at $23.70</b></h1>
<ul>
<li aria-level="1">On Tuesday, we saw the price of gold at a new November high at the 2007$ level.</li>
<li aria-level="1">Last week was bullish for the silver price, while this week, we are looking at a sideways consolidation.</li>
</ul>
<h2><b>Gold chart analysis</b></h2>
<p>On Tuesday, we saw the price of gold at a new November high at the 2007$ level. We encountered resistance in that zone, and the price is starting to pull back to support at the $1987 level. That’s where we get support and manage to stay above. Since then, the price of gold has been in weekly consolidation in the $1987-$1998 range. Yesterday and today is the day of thanksgiving in the US, which reduced the market volatility and, therefore the price movement was reduced to a narrower range.</p>
<p>We are still in a two-week bullish trend after the drop on November 13 to the $1931 level. From there, we went into a bullish consolidation that gets help from the EMA50 moving average. Even after the price <a href="https://www.financebrokerage.com/solana-and-cardano-solana-is-in-a-pullback-to-the-52-00/">pullback</a> in the middle of the week, we remained above the EMA50, and we can expect the price on Friday evening to remain on the positive side.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-242750 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/11/C9g8mM3r-1024×620.jpg" alt="Gold chart analysis" width="1024" height="620" /></p>
<h2><b>Silver chart analysis</b></h2>
<p>Last week was bullish for the silver price, while this week, we are looking at a sideways consolidation. This week’s price movement is in the $23.20-$24.15 range and most of the movement was around the $23.80 level. We also have good support in the EMA50 moving average, and we could expect to continue in the same direction in the coming weeks. We need positive consolidation and a move above the $24.00 level to get closer to the upper resistance zone.</p>
<p>A break above would be of great use to us as confirmation to continue to the bullish side. Potential higher targets are $24.20 and $24.40 levels. We need a negative consolidation and a price drop to the $23.40 level for a bearish option. So, we would fall below this consolidation and the EMA50 moving average. Potential lower targets are $23.20 and $23.00 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-242751 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/11/o2WYpDZ9-1024×620.jpg" alt="Silver chart analysis" width="1024" height="620" /></p>
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