Gold and silver: the price of gold remains above $1950

<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 remains above $1950</b></h1>
<ul>
<li aria-level="1">During the Asian trading session, we saw a pullback in the price of gold to the $1950 level.</li>
<li aria-level="1">The price of silver reached the $25.00 level last week.</li>
</ul>
<h2><b>Gold chart analysis</b></h2>
<p>During the Asian trading session, we saw a pullback in the price of gold to the $1950 level. After that, with a bullish impulse, the price rises to $1955. For now, we have resistance at that level and need a break above to continue on the bullish side. If the current consolidation continues with a slight downward slide, the price of gold could easily visit the next <a href="https://www.financebrokerage.com/the-dollar-index-could-soon-test-the-102-00-support-level/">support</a> levels. Potential lower targets are $1945 and $1940 levels.</p>
<p>We need a positive consolidation and price breakout above the $1960 level for a bullish option. Then, we need to hold up there in order to initiate further growth above the previous high. Potential higher targets are $1965 and $1970 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-212225 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/07/bt6Anqtn-1024×621.jpg" alt="Gold chart analysis" width="1024" height="621" /></p>
<h2><b>Silver chart analysis</b></h2>
<p>The price of silver reached the $25.00 level last week. After that, we see a pullback and a slight price drop. During the Asian trading session, the price of silver hovered around the $24.80 level. The chart shows that the indicators have moved to the bearish side and are pressuring the price. This could have a negative impact and lower the price of silver. Potential lower targets are $24.60 and $24.40 levels.</p>
<p>We need positive consolidation and a return to the zone around the $25.00 level for a bullish option. Then we need a break above and try to hold up there. If we succeed in this, silver would have the opportunity to continue its growth. Potential higher targets are $25.20 and $25.40 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-212226 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/07/Epm2l9dJ-1024×621.jpg" alt="Silver chart analysis" width="1024" height="621" /></p>
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