Silver price retests – Analysis - 30-01-2020
Economies.com
2020-01-30 05:49AM UTC
Silver price retests 17.60 level now and still below it, which represents the broken neckline of the double top pattern, accompanied by stochastic entering the overbought areas, which supports the chances of bouncing bearishly to resume the expected bearish trend on the intraday basis, which targets 16.96 followed by 16.35 levels mainly.
Therefore, the negative scenario will remain valid and suggested for the upcoming period unless breaching 17.60 level and holding with a daily close above it.
The expected trading range for today is between 17.20 support and 17.75 resistance.
The expected trend for today: Bearish
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