Technical Analysis (Silver) : XAG/USD 12 August 2020

Forex Technical Analysis : XAGUSD (Silver)

Date : 12 August 2020

Pivot point : 25.1500

Our preference : short positions below 25.1500 with targets at 23.4000 & 22.8000 in extension.

Alternative scenario : above 25.1500 look for further upside with 25.9500 & 26.7500 as targets.

Comment : as long as the resistance at 25.1500 is not surpassed, the risk of the break below 23.4000 remains high.

Supports and resistances :

26.7500 **
25.9500 *
25.1500
24.0562 – Last price
23.4000
22.8000 *
22.2500 **

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

Source : Trading Central

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