Silver price attempts to recover – Analysis - 09-01-2019

2019-01-09 05:17:21 GMT (Economies.com)
Silver price attempts to recover – Analysis - 09-01-2019
 

Silver price traded positively yesterday to attack 15.62 level, but it begins today with bearish bias affected by stochastic negativity that appears clearly on the four hours time frame, which supports the continuation of the recently suggested bearish trend scenario, depending on the negative effect of the previoulsy completed double top pattern.

 

Our waited target is located at 15.22, taking into consideration that holding above 15.62 will stop the expected decline and push the price to achieve gains again.

 

Expected trading range for today is between 15.22 support and 15.80 resistance.

 

Expected trend for today: Bearish

 
 
  Symbol Last Change Chg.%
1.1364
-0.0099
0.8667%
1.2874
0.0017
0.1357%
15.340
-0.258
1.651%
53.837
2.217
4.296%
62.70
1.52
2.48%
1281.360
-6.400
0.497%
 
 
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