Silver price settles below the resistance – Analysis - 07-10-2019
Economies.com
2019-10-07 04:59AM UTC
Silver price continues to move near 17.60 level and keeps its stability belwo it, where the EMA50 meets this level to strengthen it, while stochastic loses its positive momentum clearly.
Therefore, we believe that the chnaces are available for resuming the bearish trend in the upcoming sessions, and its next target at 16.96, while achieveing it requires holding below 17.60 level.
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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