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Silver prices loses momentum - Analysis - 01-05-2023
Silver price fluctuates within sideways track, settling around the EMA50 now, noticing that stochastic loses its positive momentum clearly and begins to overlap negatively now, waiting to motivate the price to resume the negative trades to attack 24.60 and break it to open the way to rally towards 23.70 as a next negative target.
Therefore, the bearish trend scenario will remain valid and active for the upcoming period, reminding you that breaching 25.50 will stop the expected decline and lead the price to resume the main bullish wave again.
The expected trading range for today is between 24.50 support and 25.30 resistance.
The expected trend for today: Bearish
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Gold price gets negative signal – Analysis - 01-05-2023
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