Technical Analysis (Silver) : XAG/USD 15 April 2020

Forex Technical Analysis : XAGUSD (Silver)

Date : 15 April 2020

Pivot point : 15.5400

Our preference : long positions above 15.5400 with targets at 15.8400 & 15.9300 in extension.

Alternative scenario : below 15.5400 look for further downside with 15.4300 & 15.3500 as targets.

Comment : even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances :

16.0800 **
15.9300 *
15.8400
15.6830 – Last price
15.5400
15.4300 *
15.3500 **

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

Source : Trading Central

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