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

Forex Technical Analysis : XAGUSD (Silver)

Date : 12 October 2020

Pivot point : 24.8600

Our preference : long positions above 24.8600 with targets at 25.6000 & 26.0000 in extension.

Alternative scenario : below 24.8600 look for further downside with 24.4500 & 24.1100 as targets.

Comment : the RSI is bullish and calls for further advance.

Supports and resistances :

26.4200 **
26.0000 *
25.6000
25.3848 – Last price
24.8600
24.4500 *
24.1100 **

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

Source : Trading Central

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