Silver price surpasses the target - Analysis - 31-03-2021

2021-03-31 04:15:16 GMT (Economies.com)
 

Silver price succeeded to achieve our waited target at 24.00 and surpassed it to settle below it, confirming opening the way to continue the decline, reminding you that our extended target reaches 22.90.

 

Therefore, we are waiting for more bearish bias in the upcoming sessions, supported by the negative pressure formed by the EMA50, taking into consideration that the continuation of the bearish wave requires holding below 25.50.

 

The expected trading range for today is between 23.00 support and 24.30 resistance.

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1982
0.0071
0.5994%
1.3839
0.0091
0.6648%
Tadawul
9987.92
124.63
1.26%
25.945
0.850
3.387%
63.092
2.702
4.474%
66.70
-0.23
0.34%
1775.845
38.910
2.240%
 
 
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