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

Forex Technical Analysis : XAGUSD (Silver)

Date : 1 June 2020

Pivot point : 18.0000

Our preference : long positions above 18.0000 with targets at 18.5000 & 18.6300 in extension.

Alternative scenario : below 18.0000 look for further downside with 17.8500 & 17.7000 as targets.

Comment : the RSI shows upside momentum.

Supports and resistances :

18.7300 **
18.6300 *
18.5000
18.2750 – Last price
18.0000
17.8500 *
17.7000 **

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

Source : Trading Central

If you open a live account with a broker that support Trading Central, you’ll get all technical analysis.