Gold and Silver: Gold falls to the $1900 support level

<div><img width="1000" height="563" src="https://www.financebrokerage.com/wp-content/uploads/2022/03/Buying-Gold.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Buying Gold" decoding="async" loading="lazy" /></div><h1><b>Gold and Silver: Gold falls to the $1900 support level</b></h1>
<ul>
<li aria-level="1">Since the beginning of the week, the price of gold has been in a bearish trend, with the formation of a low at the $1901 level.</li>
<li aria-level="1">The price of silver yesterday fell to a new September low at $22.28.</li>
</ul>
<h2><b>Gold chart analysis</b></h2>
<p>Since the beginning of the week, the price of gold has been in a bearish trend, with the formation of a low at the $1901 level. During the Asian trading session, gold received <a href="https://www.financebrokerage.com/safemoon-and-litecoin-safemoon-tests-support-level/">support</a> at that level and started a bullish consolidation. This led to a rally to the $1918 level, and we could soon test the $1920 level.</p>
<p>We need a break above $1920 and above the EMA50 moving average to continue to the bullish side. If we succeed in this, we will have a new opportunity to continue further recovery. Potential higher targets are the $1925 and $1930 levels. We need a negative consolidation and a price pullback below the $1910 level for a bearish option. After that, we can expect a retest of the previous support zone. Potential lower targets are $1895 and $1890 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-226975 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/09/21u6ZGrz-1024×620.jpg" alt="Gold chart analysis" width="1024" height="620" /></p>
<h2><b>Silver chart analysis</b></h2>
<p>The price of silver yesterday fell to a new September low at $22.28. During the Asian trading session, we saw a bullish consolidation back now to the $23.00 level. At this level, we encounter the EMA50 moving average and hope for a break above and continuation of the recovery. Potential higher targets are $23.20 and $23.40 levels.</p>
<p>We need a negative consolidation and rejection from the EMA50 and the $23.00 level for a bearish option. After that, we will see a price pullback and the beginning of a bearish option. Potential lower targets are $22.80 and $22.60 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-226976 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/09/D0C9wetn-1024×620.jpg" alt="Silver chart analysis" width="1024" height="620" /></p>
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