Gold and silver: the price of gold yesterday above $1960

<div><img width="1200" height="800" src="https://www.financebrokerage.com/wp-content/uploads/2023/02/Gold.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="gold" decoding="async" loading="lazy" /></div><h1><b>Gold and silver: the price of gold yesterday above $1960</b></h1>
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<ul>
<li aria-level="1">During the Asian trading session, the price of gold climbed to the $1964 level after almost a month.</li>
<li aria-level="1">During the Asian trading session, the silver price rose to $24.90.</li>
</ul>
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<h2><b>Gold chart analysis</b></h2>
<p>During the Asian trading session, the price of gold climbed to the $1964 level after almost a month. In the EU session, we see a retreat of the gold price to $1955 and a possible deeper fall within the new correction. The next potential support target is the $1950 level.</p>
<p>We need a negative consolidation and a drop below the $1950 level for a <a href="https://www.financebrokerage.com/euro-forecast-remains-bearish-germany-enters-recession/">bearish</a> option. That could produce additional volatility in the price and send it even lower. Potential lower targets are the $1945 and $1940 levels. We need a positive consolidation and a price jump above the $1965 level for a bullish option. Then we need to stay up there in order to start a new jump to higher levels from that place. Potential higher targets are the $1970 and $1975 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-211739 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/07/WkkvKGwl-1024×621.jpg" alt="Gold chart analysis" width="1024" height="621" /></p>
<h2><b>Silver chart analysis</b></h2>
<p>During the Asian trading session, the silver price rose to $24.90. We returned to that level after two months. Now we see a slight bearish consolidation and a potential price pullback. The first support is the $24.60 level, and if it does not hold and we see a break below, silver prices could slide even lower. Potential lower targets are $24.40 and $24.20, and $24.00.</p>
<p>We need a positive consolidation and a jump to the $25.00 level for a bullish option. Then we need to move above and try to stay up there. With the next bullish impulse, we would see a continuation of the silver price recovery. Potential higher targets are $25.20 and $25.40 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-211744 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/07/1xZybeER-1024×621.jpg" alt="Silver chart analysis" width="1024" height="621" /></p>
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