Gold and silver: The price of gold fell to $1910 yesterday

<div><img width="1200" height="675" src="https://www.financebrokerage.com/wp-content/uploads/2022/10/shutterstock_1795914136.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: The price of gold fell to $1910 yesterday</b></h1>
<ul>
<li aria-level="1">During the Asian trading session, the price of gold retreated to the $1910 level.</li>
<li aria-level="1">The price of silver was in the $22.60-$22.80 range yesterday.</li>
</ul>
<h2><b>Gold chart analysis</b></h2>
<p>During the Asian trading session, the price of gold retreated to the $1910 level. The price is managed to get support at that level and recover to the $1917 level. If this kind of consolidation continues, we could see the price of gold at the $1920 level. The next target is the $1930 level, and we encounter the EMA50 <a href="https://www.financebrokerage.com/moving-average-envelopes-how-to-use/">moving average</a> there. Then, we need a break above for further continuation to the bullish side. Potential higher targets are $1935 and $1940 levels.</p>
<p>We need a negative consolidation and pullback to the support zone at the $1910 level for a bearish option. A break below would take us to the $1900 level. The last time we were, there was almost two months ago. Potential lower targets are $1890 and $1880 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-218433 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/08/1mjT4gmV-1024×641.jpg" alt="Gold chart analysis" width="1024" height="641" /></p>
<h2><b>Silver chart analysis</b></h2>
<p>The price of silver was in the $22.60-$22.80 range yesterday. Today, we continue in that rhythm, and the current price is $22.70 in the middle of that side channel. We need a positive step that would move us above the $22.80 level. Then it would be necessary to hold on there and to start a further recovery of the price of silver with a new impulse. Potential higher targets are $22.90 and $23.00 levels.</p>
<p>We need a negative consolidation and a drop below the $22.60 support level for a bearish option. Thus, we would form a new low and confirm the bearish continuation. Potential lower targets are $22.50 and $22.40, lows from June.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-218434 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/08/tfDbg9bc-1024×641.jpg" alt="Silver chart analysis" width="1024" height="641" /></p>
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