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

Forex Technical Analysis : XAGUSD (Silver)

Date : 15 June 2020

Pivot point : 17.5500

Our preference : short positions below 17.5500 with targets at 17.2000 & 17.0900 in extension.

Alternative scenario : above 17.5500 look for further upside with 17.7500 & 17.9400 as targets.

Comment : the RSI is bearish and calls for further decline.

Supports and resistances :

17.9400 **
17.7500 *
17.5500
17.3515 – Last price
17.2000
17.0900 *
17.0000 **

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

Source : Trading Central

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