Silver price at the resistance – Analysis - 22-08-2018
Economies.com
2018-08-22 04:39AM UTC
Silver price fluctuates near the bearish channel’s resistance, noticing that the EMA50 meets this resistance to add more strength to it, which supports the expectations of continuing the bearish trend in the upcoming period, targeting 14.15 followed by 13.75 levels as next main stations.
Note that breaching 14.90 will stop the expected decline and lead the price to test 15.50 areas before any new attempt to decline.
Expected trading range for today is between 14.50 support and 14.95 resistance.
Expected trend for today: Bearish
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