Silver price within continuation pattern – Analysis - 12-08-2019

2019-08-12 05:17:03 GMT (Economies.com)
 

Silver price’s recent trades are confined within bullish pennant pattern that its signs appear on the chart, which means that breaching 17.05 resistance will provide good positive motive that supports the expectations of continuing the main bullish trend, to assist to surpass 17.30 and open the way to head towards our main waited target at 18.45.

 

Therefore, our bullish overview will remain valid for the upcoming period unless breaking 16.50 level and holding with a daily close below it.

 

The expected trading range for today is between 16.65 support and 17.20 resistance.

 

The expected trend for today: Bullish

 

 
 
 
  Symbol Last Change Chg.%
1.1125
-0.0007
0.0620%
1.3355
0.0015
0.1132%
Tadawul
8049.50
43.73
0.55%
16.939
-0.001
0.003%
59.785
-0.011
0.019%
65.22
1.02
1.59%
1474.485
-0.960
0.065%
 
 
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