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

1 December 2020 Analysis (Forex, CFDs, Cryptocurrency)CFDs (Gold & Silver)XAG/USD (Silver)

Forex Technical Analysis : XAGUSD 1 December 2020

Forex Technical Analysis : XAGUSD (Silver)

Date : 1 December 2020

Pivot point : 22.3400

Our preference : long positions above 22.3400 with targets at 23.3100 & 23.5200 in extension.

Alternative scenario : below 22.3400 look for further downside with 22.1000 & 21.8700 as targets.

Comment : the RSI is bullish and calls for further upside.

Supports and resistances :

23.7600 **
23.5200 *
23.3100
22.8640 – Last price
22.3400
22.1000 *
21.8700 **

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

Source : Trading Central

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