Silver price hits the first target – Analysis - 31-08-2018
Economies.com
2018-08-31 03:35AM UTC
Silver price succeeded to touch our first waited target at 14.50 and settles there, noticing that the price moves inside a minor bullish channel that we believe it forms bearish flag pattern, which means that breaking the mentioned level will activate the negative effect of the mentioned pattern followed by pushing the price to rally towards our next target that reaches 13.80.
Therefore, the bullish trend will remain valid and active in the upcoming sessions unless breaching 15.00 level and holding above it.
Expected trading range for today is between 14.20 support and 14.80 resistance.
Expected trend for today: Bearish
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