The price of Gold continues to rise, silver is also going up

<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>The price of Gold continues to rise, silver is also going up</b></h1>
<ul>
<li aria-level="1">During the Asian trading session, we saw a new jump in the price of gold to the $2018 level.</li>
<li aria-level="1">During the Asian trading session, we saw a continuation of the bullish consolidation from Friday all the way to the $24.81 level.</li>
</ul>
<h2><b>Gold chart analysis</b></h2>
<p>During the Asian trading session, we saw a new jump in the price of gold to the $2018 level. At that level, we formed a new six-month gold price high. After that, we see a slight pullback to the $2010 levels, where we manage to get support and initiate a new bullish consolidation. We are now already at 2015$, and we could soon test the previous high prices. Potential higher targets are $2020 and $2025 levels.</p>
<p>We need a negative consolidation and a new pullback below the $2010 level for a <a href="https://www.financebrokerage.com/impact-of-bearish-chinese-economic-data-on-global-oil-prices/">bearish</a> option. In this way, we could initiate a bearish impulse and see the formation of a new low gold price. Potential lower targets are $2005 and $2000 levels. EMA50 moving average is in the zone around $1995 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-243171 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/11/2pDKei0L-1024×620.jpg" alt="Gold chart analysis" width="1024" height="620" /></p>
<h2><b> Silver chart analysis</b></h2>
<p>During the Asian trading session, we saw a continuation of the bullish consolidation from Friday all the way to the $24.81 level. After that, the price starts consolidating in the $24.60-$24.80 range. We continue to hold high and expect to see a breakout above the previous high and form a new one. Potential higher targets are $25.00 and $25.20 levels. The last time we were above $25.00 was in July.</p>
<p>We need a negative consolidation and pullback to the previous low at the $24.40 level for a bearish option. Next, we need a breakout below that would lead to the formation of this week&#8217;s new low. Potential lower targets are $24.20 and $24.00 levels. The EMA50 moving average is in the zone around $23.80 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-243172 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/11/L3qmteYX-1024×620.jpg" alt="Silver chart analysis" width="1024" height="620" /></p>
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