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

Forex Technical Analysis : XAGUSD (Silver)

Date : 1 May 2020

Pivot point : 15.1000

Our preference : short positions below 15.1000 with targets at 14.8500 & 14.7400 in extension.

Alternative scenario : above 15.1000 look for further upside with 15.2000 & 15.3000 as targets.

Comment : the RSI has just struck against its neutrality area at 50% and is reversing down.

Supports and resistances :

15.3000 **
15.2000 *
15.1000
14.9525 – Last price
14.8500
14.7400 *
14.5900 **

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

Source : Trading Central

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