Technical Analysis (Silver) : XAG/USD 11 June 2020

Forex Technical Analysis : XAGUSD (Silver)

Date : 11 June 2020

Pivot point : 17.7700

Our preference : long positions above 17.7700 with targets at 18.0400 & 18.1900 in extension.

Alternative scenario : below 17.7700 look for further downside with 17.5200 & 17.3600 as targets.

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

Supports and resistances :

18.3700 **
18.1900 *
18.0400
17.8685 – Last price
17.7700
17.5200 *
17.3600 **

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

Source : Trading Central

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