Gold and Silver: The price of gold is holding above $1910

<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 is holding above $1910</b></h1>
<ul>
<li aria-level="1"><span>During the Asian trading session, the price of gold fell to a new August low at the $1909 level.</span></li>
<li aria-level="1"><span>During the Asian trading session, the price of silver reached 22.50, the lowest in the previous 30 days.</span></li>
</ul>
<h2><b>Gold chart analysis</b></h2>
<p><span>During the Asian trading session, the price of gold fell to a new August low at the $1909 level. In the continuation, the price recovered slightly to the $1915 level, where it encountered resistance. We are now moving into the $1910-$1915 range and need a breakout above or below to determine the trend.</span></p>
<p><span>We need a positive consolidation and price breakout above the $1915 level for a bullish option. Then, we need to stay above and start further recovery with a new impulse. Potential higher targets are the $1920 and $1925 levels.</span></p>
<p><span>We need a negative consolidation and a drop below the $1910 level for a <a href="https://www.financebrokerage.com/impact-of-bearish-chinese-economic-data-on-global-oil-prices/">bearish</a> option. After that, we can expect to see a continued retreat in the price of gold. Potential lower targets are $1900 and $1890 levels.</span></p>
<p><img decoding="async" loading="lazy" class="alignnone size-large wp-image-218828" src="https://www.financebrokerage.com/wp-content/uploads/2023/08/Gold–1024×641.jpg" alt="Gold chart analysis" width="1024" height="641" /></p>
<h2><b>Silver chart analysis</b></h2>
<p><span>During the Asian trading session, the price of silver reached 22.50, the lowest in the previous 30 days. At the start of the EU session, silver made a positive move and climbed to the $22.70 level. We are now consolidating around that level, and we could expect to see further recovery in the price of silver.</span></p>
<p><span>We need a positive consolidation and a move to the $22.80 level for a bullish option. Then, we need to see a breakout above and hold above there. With the next impulse, we would start further recovery, and the potential higher targets are $22.90 and $23.00 levels.</span></p>
<p><span>We need a negative consolidation and a price drop below the $22.50 level for a bearish option. After that, the price will form a new low, which confirms the bearish scenario. Potential lower targets are $22.40 and $22.30 levels.</span></p>
<p><img decoding="async" loading="lazy" class="alignnone size-large wp-image-218829" src="https://www.financebrokerage.com/wp-content/uploads/2023/08/Silver-chart-analysis-1024×641.jpg" alt="Silver chart analysis" width="1024" height="641" /></p>
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