Silver price gathers the positive momentum – Analysis - 19-08-2019
Economies.com
2019-08-19 05:15AM UTC
Silver price shows bearish bias to test the EMA50 now, accompanied by stochastic reach to the oversold areas, waiting to motivate the price to resume the main bullish trend, organized inside the bullish channel that appears on the chart, noting that our main targets begin by breaching 17.30 level to confirm extending the bullish wave towards 18.45.
Holding above 16.50 is important to continue the expected rise, as breaking it will press on the price to start correctional bearish wave on the intraday basis.
The expected trading range for today is between 16.90 support and 17.30 resistance.
The expected trend for today: Bullish
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