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

12 November 2020 Analysis (Forex, CFDs, Cryptocurrency)CFDs (Gold & Silver)XAG/USD (Silver)

Forex Technical Analysis : XAGUSD 12 November 2020

Forex Technical Analysis : XAGUSD (Silver)

Date : 12 November 2020

Pivot point : 24.4300

Our preference : short positions below 24.4300 with targets at 23.7500 & 23.5500 in extension.

Alternative scenario : above 24.4300 look for further upside with 24.7800 & 25.0500 as targets.

Comment : as long as 24.4300 is resistance, expect a return to 23.7500.

Supports and resistances :

25.0500 **
24.7800 *
24.4300
24.2100 – Last price
23.7500
23.5500 *
23.3300 **

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

Source : Trading Central

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