Silver price is retesting – Analysis - 30-10-2020
Economies.com
2020-10-30 04:46AM UTC
Silver price bounced bullishly to retest 23.60 that was broken previously, accompanied by stochastic loss to the positive momentum and reaching the overbought areas, waiting to motivate the price to resume the bearish trend, which targets 22.13 level mainly.
Therefore, we will continue to suggest the bearish trend for the upcoming period supported by the EMA50, noting that breaching 23.60 will stop the expected decline and leads the price to achieve additional gains that reach 25.06.
The expected trading range for today is between 22.60 support and 24.00 resistance.
The expected trend for today: Bearish
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