Silver price tests the resistance – Analysis - 18-12-2018
Economies.com
2018-12-18 05:04AM UTC
Silver price returns to test the key resistance 14.73, accompanied by stochastic reach to the overbought areas, waiting to motivate the price to rebound bearishly and resume the recently suggested bearish trend, which depends on the price stability below the mentioned level, and the price needs to break 14.55 to reinforce the chances of heading towards our main waited target at 13.93.
We should note that confirming breaching 14.73 will push the price to visit the next correctional level at 15.22.
Expected trading range for today is between 14.40 support and 14.80 resistance.
Expected trend for today: Bearish
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