Technical Analysis For Silver Today 12-07-2019 21:00:03
by wealthmann
July 12, 2019
100
In 1 hour chart Silver price continues to trade at 38245 and above the (Exponential Moving Average)EMA200 value of 37785.4 and keeps its stability above until now, while 1 hour MACD Of 12,26,9 is in Buy mode. Therefore, we will keep our Buy overview conditioned by the price stability above
However, if Silver continues to trade above level, that could be an extraordinarily Bullish sign for Silver
Even so, the 200-candle Exponential moving average (EMA) price range of 37785.4 is proving a tough nut to crack.
Pivot (invalidation): 38232.7