Gold is climbing to  $2050, and silver is above $25.00

<div><img width="1200" height="676" src="https://www.financebrokerage.com/wp-content/uploads/2021/04/gold-and-silver.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="gold and silver" decoding="async" loading="lazy" /></div><h1><b>Gold is climbing to  $2050, and silver is above $25.00</b></h1>
<ul>
<li aria-level="1">The price of gold started this week at the $2000 level, and it looks like it will close the week above the $2050 level.</li>
<li aria-level="1">This week was very successful for the price of silver.</li>
</ul>
<h2><b>Gold chart analysis</b></h2>
<p>The price of gold started this week at the $2000 level, and it looks like it will close the week above the $2050 level. On Wednesday, the price climbed to the $2052 level, and there, we saw the formation of a new six-month high. After that, gold begins to consolidate in the $2030-$2050 range.</p>
<p>During the previous Asian trading session, the price received support at the $2035 level and began a recovery that took us up to the $2047 level where we are now.</p>
<p>We need a new impulse to get above the $2050 level again. In this way, we would have the opportunity to form a new high, and the potential higher targets are the $2055 and $2060 levels.</p>
<p>We need a negative consolidator and a drop to the $2030 support level for a bearish option. A break below leads to the formation of a new low, and thus, we get a confirmation of the <a href="https://www.financebrokerage.com/safemoon-continues-bearish-while-litecoin-drops-below-70-00/">bearish</a> trend. Potential lower targets are $2025 and $2020 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-244596 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/12/mxiylrfI-1024×620.jpg" alt="Gold chart analysis" width="1024" height="620" /></p>
<h2><b>Silver chart analysis</b></h2>
<p>This week was very successful for the price of silver. We started Monday at the $24.30 level, and this morning, we saw the formation of a new high at the $25.45 level. After that, the price consolidates in the $25.20-$25.40 range.</p>
<p>Based on the previous movement, we expect to see a continuation to the bullish side and the formation of a new price high. Potential higher targets are $25.50 and $25.60 levels.</p>
<p>We need a negative consolidation and pullback to the $25.00 support level for a bearish option. A fall below that level would further increase the pressure on the price to start a further retreat and form a new low.</p>
<p>Potential lower targets are $24.80 and $24.60 levels. Additional support at the $24.60 level is the EMA50 moving average.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-244597 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/12/S4wchZjz-1024×620.jpg" alt="Silver chart analysis" width="1024" height="620" /></p>
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