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

Forex Technical Analysis : XAGUSD (Silver)

Date : 10 November 2020

Pivot point : 24.8500

Our preference : short positions below 24.8500 with targets at 23.5500 & 23.2000 in extension.

Alternative scenario : above 24.8500 look for further upside with 25.2200 & 25.4900 as targets.

Comment : even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

Supports and resistances :

25.4900 **
25.2200 *
24.8500
24.2140 – Last price
23.5500
23.2000 *
22.8200 **

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

Source : Trading Central

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