Gold and Silver: Gold falls to the $1813 level yesterday

<div><img width="1000" height="667" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2020/12/Gold-and-Silver-jewelery-e1608558537415.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Gold and Silver" decoding="async" loading="lazy" /></div><h1><b>Gold and Silver: Gold falls to the $1813 level yesterday</b></h1>
<ul>
<li aria-level="1">The price of gold started in October at the $1849 level, and later, we saw a retreat to the $1813 level.</li>
<li aria-level="1">The price of silver is moving sideways for the fourth day in a row in the $20.66-$21.40 range.</li>
</ul>
<h2><b>Gold chart analysis</b></h2>
<p>The price of gold started in October at the $1849 level, and later, we saw a retreat to the $1813 level. In the past three days, the price of gold has been moving sideways in the $1813-$1830 range. We still remain in the <a href="https://www.financebrokerage.com/the-shiba-inu-is-testing-the-january-support-zone/">support zone</a>, which could influence us to start a further retreat and break through the previous support level. Potential lower targets are $1810 and $1800 levels.</p>
<p>We need a positive consolidation move up to the $1830 resistance level for a bullish option. Then we need a break above and try to hold up there. After that, we would form a new bottom from which we would start the continuation of the will to the bullish side. Potential higher targets are $1840 and $1850 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-231585 size-large" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/10/Dt4vsmfb-1024×620.jpg" alt="Gold chart analysis" width="1024" height="620" /></p>
<h2><b>Silver chart analysis</b></h2>
<p>The price of silver is moving sideways for the fourth day in a row in the $20.66-$21.40 range. We are now in the middle of this channel around the $21.00 level. Looking at the bigger picture, the price of silver is in a support zone, and if it stays here for too long, there could be a breakout below and a continuation of the pullback to lower levels. Potential lower targets are $20.40 and $20.20 levels.</p>
<p>We need positive consolidation and a return to the zone around the $21.40 level for a bullish option. Then we need to see a breakout above and stay up there. With the next bullish consolidation, we would start to continue the recovery. Potential higher targets are $21.60 and $21.80 levels. An additional average price could be in the zone around $21.75 in the EMA50 moving average.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-231586 size-large" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/10/O7GjbWpr-1024×620.jpg" alt="Silver chart analysis" width="1024" height="620" /></p>
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