Silver price loses momentum – Analysis - 11-09-2019
Economies.com
2019-09-11 05:03AM UTC
Silver price hovers around 18.00 level, noticing that stochastic loses its positive momentum to reach the overbought areas, while the EMA50 forms continuous negative pressure against the price.
Therefore, these factors encourage us to continue suggesting the bearish trend in the upcoming sessions, and the next target located at 17.60, noting that breaching 18.30 will stop the negative scenario and push the price to recover again.
The expected trading range for today is between 17.80 support and 18.30 resistance.
The expected trend for today: Bearish
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