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

Forex Technical Analysis : XAGUSD (Silver)

Date : 15 May 2020

Pivot point : 15.7500

Our preference : long positions above 15.7500 with targets at 16.2000 & 16.3600 in extension.

Alternative scenario : below 15.7500 look for further downside with 15.6500 & 15.5500 as targets.

Comment : the RSI is mixed to bullish.

Supports and resistances :

16.5200 **
16.3600 *
16.2000
16.0150 – Last price
15.7500
15.6500 *
15.5500 **

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

Source : Trading Central

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