Silver price loses momentum – Analysis - 06-12-2019
Economies.com
2019-12-06 05:45AM UTC
Silver price returns to fluctuate around the EMA50, noticing that stochastic loses its positive momentum clearly to reach the overbought areas, waiting to motivate the price to rebound bearishly and resume the expected bearish trend for the upcoming period, which targets 16.33 areas mainly.
Therefore, we will keep our bearish overview unless breaching 17.25 level and holding above it.
The expected trading range for today is between 16.70 support and 17.10 resistance.
The expected trend for today: Bearish
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