Silver price under the negative pressure – Analysis - 19-11-2020
Economies.com
2020-11-19 04:56AM UTC
Silver price broke 24.45 level and settled below it, which puts the price under intraday negative pressure that we expect to target testing 23.60 areas before any new attempt to rise.
Therefore, the bearish bias will be expected for today supported by the negative pressure formed by the EMA50, noting that breaching 24.50 will lead the price to regain the bullish trend that its targets begin by testing 25.06.
The expected trading range for today is between 23.60 support and 24.80 resistance.
The expected trend for today: Bearish
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