Technical Analysis (Silver) : XAG/USD 15 August 2022

Forex Technical Analysis : XAGUSD (Silver)

Date : 15 August 2022

Pivot point : 20.85

Our preference : short positions below 20.85 with targets at 20.38 & 20.22 in extension.

Alternative scenario : above 20.85 look for further upside with 21.00 & 21.15 as targets.

Comment : as long as 20.85 is resistance, expect a return to 20.38.

Supports and resistances :

21.15 **
21.00 *
20.85
20.61 – Last price
20.38
20.22 *
20.10 **

Warning : This information isn’t a buy-sell signal.

Source : Trading Central

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