Gold close to $1990, and silver falls below $23.00

<div><img width="1200" height="800" src="https://www.financebrokerage.com/wp-content/uploads/2022/08/Gold.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="gold" decoding="async" loading="lazy" /></div><h1><b>Gold close to $1990, and silver falls below $23.00</b></h1>
<ul>
<li aria-level="1">During the Asian trading session, the price of gold continued to retreat, falling to the $1991 level.</li>
<li aria-level="1">On Friday, the price of silver fell to the $23.00 level, forming a three-week low there.</li>
</ul>
<h2><b>Gold chart analysis</b></h2>
<p>During the Asian trading session, the price of gold continued to retreat, falling to the $1991 level. We broke below last week’s low at $1995, and a new December low was formed. We remain in that zone under pressure to make a new breakout below and fall to this week’s new low. Potential lower targets are $1985 and $1980 levels.</p>
<p>We need a positive consolidation and a move above the $2000 level for a <a href="https://www.financebrokerage.com/the-dollar-index-with-bullish-consolidation-rises-to-101-00/">bullish</a> option. Then, it would be necessary for us to maintain our position above so that with a new impulse, we could start further recovery and climb to new levels. Potential higher targets are $2010 and $2020 levels. We will have additional pressure in the zone around $2020 in the EMA50 moving average.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-246337 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/12/FL23Ccpq-1024×620.jpg" alt="Gold chart analysis" width="1024" height="620" /></p>
<h2><b>Silver chart analysis</b></h2>
<p>On Friday, the price of silver fell to the $23.00 level, forming a three-week low there. During the previous Asian trading session, the price moved in the $22.90-$23.00 range. Too much bearish pressure does not allow us to start the recovery of the price of silver, which could lead to a drop below the support level and the formation of a new price low. Potential lower targets are $22.80 and $22.60 levels.</p>
<p>We need a positive consolidation and a move above $23.00 for a bullish option again. Then, we would have to hold above if we plan to see a further recovery to the bullish side. Potential higher targets are $23.20 and $23.40 levels. EMA50 is in the zone around the $24.00 level.</p>
<p><a href="https://www.tradingview.com/x/lZrHHe3x/"><img decoding="async" loading="lazy" class="aligncenter wp-image-246338 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/12/lZrHHe3x-1024×620.jpg" alt="Silver chart analysis" width="1024" height="620" /></a></p>
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