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

Forex Technical Analysis : XAGUSD (Silver)

Date : 11 May 2020

Pivot point : 15.3800

Our preference : long positions above 15.3800 with targets at 15.7600 & 15.9100 in extension.

Alternative scenario : below 15.3800 look for further downside with 15.2200 & 15.0600 as targets.

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

Supports and resistances :

16.0600 **
15.9100 *
15.7600
15.5625 – Last price
15.3800
15.2200 *
15.0600 **

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

Source : Trading Central

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