Silver price attempts to breach – Analysis - 06-08-2019

2019-08-06 05:02:43 GMT (Economies.com)
 

Silver price finds difficulty to breach 16.50 level, waiting to get enough positive motive to push trades to confirm the breach followed by opening the way to rally towards 17.30 that represents the next positive target.

 

Until now, the bullish trend still valid and suggested unless breaking 16.00 level and holding with a daily close below it, depending on the positive effect of the previously completed double bottom pattern that its signs appear on the chart.

 

The expected trading range for today is between 16.30 support and 16.65 resistance.

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1132
0.0000
0.0012%
1.3344
0.0004
0.0300%
Tadawul
8049.50
43.73
0.55%
16.940
0.368
2.221%
59.797
0.686
1.161%
65.22
1.02
1.59%
1475.445
15.600
1.069%
 
 
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