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Gold and silver: The dollar rises while gold falls

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Gold and silver: The dollar rises while gold falls

  • Yesterday, the gold price dropped to $1,824 confirming its low price at the beginning of this year.
  • Yesterday’s silver price fell from $23.80 to $2.10 levels.

Analysis of gold charts

Yesterday’s price of gold dropped to $1,824, which is the same price as at the start of the year. The price of gold recovered slightly during the Asian trading session but not to $1840. The price of gold saw a pullback to $1835 after that and we are seeing increased bearish pressure. A negative consolidation is required and a price drop below $1830 to be considered a bearish option.

We could then threaten the previous low, and keep the bearish trend going. Lower targets include $1820 or $1810. A positive consolidation is required and a new breakout above $1840 to be bullish. We need to maintain that level in order to continue the recovery of the gold price with the next bullish trend. The $1850 and $1860 levels are potential higher targets.

Gold Chart Analysis

Analysis of silver charts

Yesterday’s silver price fell from $23.80 to $2.10 levels. Silver recovered to $23.40 after we consolidated during the Asian trading session. We need…



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