Technical Analysis (Silver) : XAG/USD 13 August 2020

Forex Technical Analysis : XAGUSD (Silver)

Date : 13 August 2020

Pivot point : 24.8500

Our preference : long positions above 24.8500 with targets at 26.7500 & 27.4000 in extension.

Alternative scenario : below 24.8500 look for further downside with 24.1000 & 23.4000 as targets.

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

Supports and resistances :

27.9000 **
27.4000 *
26.7500
25.7920 – Last price
24.8500
24.1000 *
23.4000 **

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

Source : Trading Central

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