Silver price retests the breached neckline - Analysis - 23-05-2022
Economies.com
2022-05-23 04:04AM UTC
Silver price retested the breached neckline of the inverted head and shoulders’ pattern and kept its stability above it, as it begins today with bullish bias to move away from this level, motivated by stochastic current positivity, to keep the positive effect of the mentioned pattern active, waiting to head towards 22.67 as a next main target.
The EMA50 supports the expected bullish trend scenario, which will remain valid unless breaking 21.70 and holding below it.
The expected trading range for today is between 21.65 support and 22.40 resistance.
The expected trend for today: Bullish
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