Silver price hits the first target - Analysis - 19-04-2021
Economies.com
2021-04-19 01:19AM UTC
Silver price succeeded to touch our first waited target at 26.20 and bounced downwards slightly to settle around 26.00, noticing that stochastic gets rid of its negative momentum clearly to approach the oversold areas, which support the chances of resuming the expected bullish trend for the upcoming period, which its next target extends to reach 27.00.
Therefore, we will continue to suggest the bullish trend on the intraday and short term basis supported by the EMA50, reminding you that holding above 25.50 is important to achieve the waited targets.
The expected trading range for today is between 25.50 support and 26.50 resistance.
The expected trend for today: Bullish
Commodities News
Commodities
Gold scales fresh record highs and marks weekly gains
2024-05-17 21:03PM UTC
Gold prices rose on Friday and scaled fresh record highs, marking the second weekly profit in a ...
Commodities
Silver about to trade above $30 once more for first time in 3 years
2024-05-17 11:54AM UTC
Silver prices rose in European trade on Friday, resuming gains and approaching $30 an ounce for the ...
Commodities
Gold hovers near four-week high ahead of Christopher Waller's remarks
2024-05-17 09:13AM UTC
Gold prices rose in European trade on Friday, resuming gains and approaching four-week highs, and ...
Commodities Technical Analysis
Commodities
Update: Silver price resumes the bullish track
2024-05-17 15:23PM UTC
Silver price rallied upwards strongly to breach 29.80$ level and approach 31.00$ barrier, to stop ...
Commodities
Update: Gold price surpasses the first target
2024-05-17 15:23PM UTC
Gold price succeeded to achieve our first target at 2400.00$ and breached it to confirm the ...
Commodities
Brent oil price forecast update 17-05-2024
2024-05-17 09:10AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price hovers around the EMA50 that ...