Silver price achieves clear gains - Analysis - 04-10-2021
Economies.com
2021-10-04 04:24AM UTC
Silver price surpassed 22.20 level and achieved additional gains, to approach the most important resistance at 22.90, noticing that the price settles below the intraday bearish channel’s resistance, while stochastic shows clear overbought signals.
Therefore, we believe that the chances valid to resume the bearish trend in the upcoming sessions, to head towards testing 21.65 areas initially, taking into consideration that breaching 22.90 will lead the price to achieve additional rises and test 23.60 level before any new attempt to decline.
The expected trading range for today is between 22.00 support and 22.80 resistance.
The expected trend for today: Bearish
Commodities News
Commodities
Gold resumes gains as US treasury yields decline
2023-12-05 08:55AM UTC
Gold prices rose in European trade on Tuesday, resuming gains and moving off recent record highs as ...
Commodities
Gold gives up record high as dollar strengthens
2023-12-04 17:26PM UTC
Gold prices fell on Monday as the dollar index rose against most major rivals, moving away from ...
Commodities
Copper loses over 2% as dollar edges up, while Chinese concerns resurface
2023-12-04 16:51PM UTC
Copper prices fell on Monday as the dollar rose against a basket of major rivals, amid growing ...
Commodities Technical Analysis
Commodities
Evening update for Gold 05-12-2023
2023-12-05 17:01PM UTC
Gold price resumes its negative trading to approach the bullish channel’s support line, and ...
Commodities
Midday update for Brent oil 05-12-2023
2023-12-05 10:35AM UTC
Brent oil price shows clear positive trading, to attack the critical resistance at 79.20, affected ...
Commodities
Midday update for Crude oil 05-12-2023
2023-12-05 10:35AM UTC
Crude oil price trades positively, attempting to breach 73.73 level, which requires being aware ...