Technical Analysis (Silver) : XAG/USD 10 August 2020

Forex Technical Analysis : XAGUSD (Silver)

Date : 10 August 2020

Pivot point : 28.8500

Our preference : short positions below 28.8500 with targets at 27.3000 & 26.8500 in extension.

Alternative scenario : above 28.8500 look for further upside with 29.3500 & 29.8500 as targets.

Comment : the RSI is bearish and calls for further decline.

Supports and resistances :

29.8500 **
29.3500 *
28.8500
28.0628 – Last price
27.3000
26.8500 *
26.4000 **

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

Source : Trading Central

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