Gold and silver: the price of gold slips below $1925 level

<div><img width="1200" height="675" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2022/10/shutterstock_1795914136.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="China Developments and Commodity Gold's Response" decoding="async" loading="lazy" /></div><h1><b>Gold and silver: the price of gold slips below $1925 level</b></h1>
<ul>
<li aria-level="1"><span>During the Asian <a href="https://www.financebrokerage.com/crucial-trading/">trading</a> session, the price of gold retreated from the $1926 level.</span></li>
<li aria-level="1"><span>During the Asian trading session, the price of silver was retreating from the $23.60 level.</span></li>
</ul>
<h2><b>Gold chart analysis</b></h2>
<p><span>During the Asian trading session, the price of gold retreated from the $1926 level. In the EU session, the price tried with a bullish impulse to break above the resistance, but it was stopped at the $1927 level. A pullback quickly followed, and the price fell to the $1920 support level. Now, the pressure is on that level, and we could soon see a breakout below and the formation of a new low for this week. Potential lower targets are $1918 and $1916 levels.</span></p>
<p><span>We need a positive consolidation and a price jump to the $1925 level for a bullish option. After that, we would be able to test the previous high from Friday at the $1929 level. A breakthrough above it would give us a new opportunity for a more specific <a href="https://www.financebrokerage.com/the-dollar-index-remains-on-its-bullish-path-towards-103-00/">bullish</a> option. Potential higher targets are the $1930 and $1932 levels.</span></p>
<p><img decoding="async" loading="lazy" class="alignnone size-large wp-image-228672" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/09/Gold-chart-analysis-1024×524.jpg" alt="Gold chart analysis" width="1024" height="524" /></p>
<h2><b>Silver chart analysis</b></h2>
<p><span>During the Asian trading session, the price of silver was retreating from the $23.60 level. We fell to the $23.40 level, but we managed to get support in that zone. This managed to produce a bullish impulse and a jump to the $23.64 level. We failed to hold up there and are making a new turn towards the $23.40 support level.</span></p>
<p><span>We are already testing that level twice today. A break below would lead to forming a new low, extending the bearish option. Potential lower targets are $23.30 and $23.20 levels. Additional price support could be found in the EMA50 moving average around the $23.30 level.</span></p>
<p><span>We need a positive consolidation into a new breakout above the $23.60 level for a bullish option. After that, we could expect to see a continuation to the bullish side and the formation of a new high. Potential higher targets are $23.70 and $23.80 levels.</span></p>
<p><img decoding="async" loading="lazy" class="alignnone size-large wp-image-228673" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/09/Silver-chart-analysis-1024×620.jpg" alt="Silver chart analysis" width="1024" height="620" /></p>
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