Silver resumes the decline – Analysis - 30-10-2018

Economies.com
2018-10-30 04:14AM UTC

Silver price traded with clear negativity yesterday to confirm surpassing the EMA50, reinforcing the expectations of continuing the bearish trend in the upcoming period, waiting to visit 13.93 level as a next main station.

 

We remind you that breaching 14.80 will stop the expected decline and complete forming a bullish pattern that has positive targets that start at 15.22 followed by 15.62.

 

Expected trading range for today is between 14.30 support and 14.65 resistance.

 

Expected trend for today: Bearish

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