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

Forex Technical Analysis : XAGUSD (Silver)

Date : 12 March 2020

Pivot point : 16.7200

Our preference : short positions below 16.7200 with targets at 16.3700 & 16.1400 in extension.

Alternative scenario : above 16.7200 look for further upside with 16.9100 & 17.1000 as targets.

Comment : the RSI advocates for further downside.

Supports and resistances :

17.1000 **
16.9100 *
16.7200
16.5298 – Last price
16.3700
16.1400 *
16.0000 **

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

Source : Trading Central

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