Silver price touches the first target - Analysis - 29-11-2021

2021-11-29 05:27:19 GMT (Economies.com)
 

Silver price succeeded to touch our first waited target at 23.15 and found solid support there, to show some temporary bullish bias, and we expect to resume the bearish bias to break this level and open the way to visit 22.20 as a next negative station.

 

The EMA50 supports the expected decline, taking into consideration that failing to break 23.15 will push the price to achieve intraday gains and test 24.20 areas before any new attempt to decline.

 

The expected trading range for today is between 22.80 support and 23.70 resistance.

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1284
-0.0013
0.1164%
1.3491
0.0014
0.1017%
Tadawul
12108.56
56.61
0.47%
23.804
-0.012
0.052%
85.040
1.499
1.794%
87.98
1.67
1.93%
1849.365
9.900
0.538%
 
 
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