Gold and Silver: The gold is within reach of $1,900
- During the Asian trading session, the price of gold jumped to the $1,895 level.
- At the beginning of the Asian session, the silver price made a bullish gap. a strong bullish impulse continued to push the price to the $21.00 level.
Gold chart analysis
During the Asian trading session, the price of gold jumped to the $1,895 level. The shaky banking system in the United States caused the price of gold to rise close to the $1900 level. Maybe we could visit the $1900 level by the end of the day. Otherwise, we will see a bearish scenario and a sharp drop in the price of gold.
At the beginning of the Asian session, the price made a price gap, and we could see a pullback that would fill that price gap. Potential lower targets are the $1870 and $1860 levels.
Silver chart analysis
At the beginning of the Asian session, the silver price made a bullish gap. a strong bullish impulse continued to push the price to the $21.00 level. If the current trend continues, the price of silver could soon test the previous resistance zone of $21.20-$21.30. A breakout out of the blue would mean we would likely see further upside in the price of silver.
Potential higher targets are the $21.40 and $21.50 levels. For a bearish option, we need a negative consolidation and a price drop below $20.80. After which we would probably fall to fill the gap from the market opening. Potential lower targets are the $2.60 and $2.40 levels.
