Silver price completes negative pattern – Analysis - 22-04-2020
Economies.com
2020-04-22 04:38AM UTC
Silver price confirmed breaking 15.08 level after closing the daily candlestick below it, and as we mentioned in our last technical update, the price completed forming bearish pattern represented by the head and shoulders that its signs appear on the chart, which supports the expectations of decline in the upcoming sessions, targeting visiting 14.17 level initially.
Therefore, the bearish bias will be suggested for today, noting that breaching 15.08 will stop the negative effect of the mentioned pattern and leads the price to visit 16.00 level as a next positive target.
The expected trading range for today is between 14.40 support and 15.00 resistance.
The expected trend for today: Bearish
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