Technical Analysis (Silver) : XAG/USD 11 August 2022

Forex Technical Analysis : XAGUSD (Silver)

Date : 11 August 2022

Pivot point : 20.68

Our preference : short positions below 20.68 with targets at 20.35 & 20.23 in extension.

Alternative scenario : above 20.68 look for further upside with 20.83 & 21.05 as targets.

Comment : as long as 20.68 is resistance, look for choppy price action with a bearish bias.

Supports and resistances :

21.05 **
20.83 *
20.68
20.49 – Last price
20.35
20.23 *
20.10 **

Warning : This information isn’t a buy-sell signal.

Source : Trading Central

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