Gold chart analysisDuring this morning’s Asian trading session, the gold price moved in the $2450-$2460 range. We are now at the $2452 level and are leaning towards the $2450 support level. On the upside, we have pressure from the EMA 50 moving average, which could add to the bearish momentum. With the break below, we go to a new daily low and thus get support for continuing to the bearish side. Potential lower targets are $2445 and $2440 levels.In the $2440 zone, gold encounters the EMA 200 and can hope for its support. For a bullish option, we need gold prices to rise above the $2460 level. Then, we need to stabilize up there. If we succeed in this, the price would be in a new position to start a bullish consolidation. Potential higher targets are the $2465 and $2470 levels. 
Silver chart analysis
On Thursday, the price of silver formed a weekly high at the $28.51 level. After that, in this morning’s Asian session, we saw a pullback to the $28.10 level. The price continues to be under pressure in the EU session as well, and the chances of a continuation to the bearish side are growing. At the $28.00 level, we have the EMA 50 moving average, which could slow down the pullback. If its support does not hold, silver will continue to retreat to lower levels.Potential lower targets are the $27.80 and $27.60 levels. The EMA 200 moving average at $27.80 provides additional major support for the silver price. For a bullish option, we need a positive consolidation above the $28.40 daily open price. This brings us back to this week’s resistance zone. This time, we can hope for a break above and the formation of a new high. Potential higher targets are the $28.60 and $28.80 levels. 
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