Silver price breaks the support – Analysis - 26-11-2019
Economies.com
2019-11-26 05:41AM UTC
Silver price broke the intraday bullish channel’s support line and settled below it, which puts the price under expected negative pressure for the upcoming period, on its way to visit 61.8% Fibonacci correction level at 16.33.
Therefore, the bearish bias will be suggested for today, supported by the negative pressure formed by the EMA50, noting that the continuation of the expected decline depends on the price stability below 16.96.
The expected trading range for today is between 16.70 support and 17.00 resistance.
The expected trend for today: Bearish
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