Technical Analysis (Silver) : XAG/USD 1 April 2020

Forex Technical Analysis : XAGUSD (Silver)

Date : 1 April 2020

Pivot point : 14.1500

Our preference : short positions below 14.1500 with targets at 13.8900 & 13.7900 in extension.

Alternative scenario : above 14.1500 look for further upside with 14.2500 & 14.3900 as targets.

Comment : as long as 14.1500 is resistance, look for choppy price action with a bearish bias.

Supports and resistances :

14.3900 **
14.2500 *
14.1500
14.0700 – Last price
13.8900
13.7900 *
13.6100 **

Warning : This information isn’t a buy-sell signal. Please use this information for the trade guideline.

Source : Trading Central

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