Silver price within a negative pattern - Analysis - 23-07-2021
Economies.com
2021-07-23 03:49AM UTC
Silver price provided additional positive trades yesterday to test the intraday bullish channel’s resistance that appears on the chart, which we believe it forms bearish flag pattern, therefore, the price needs to break 25.05 to get negative motive that assist to push the price to surpass 24.95 barrier and open the way to visit 23.76 as a next main target.
Therefore, the bearish trend scenario will remain valid supported by the EMA50 unless breaching 25.65 and holding above it.
The expected trading range for today is between 24.70 support and 25.65 resistance.
The expected trend for today: Bearish
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