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

Forex Technical Analysis : XAGUSD (Silver)

Date : 15 October 2020

Pivot point : 24.3400

Our preference : short positions below 24.3400 with targets at 23.8500 & 23.6300 in extension.

Alternative scenario : above 24.3400 look for further upside with 24.6300 & 24.8300 as targets.

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

Supports and resistances :

24.8300 **
24.6300 *
24.3400
24.2055 – Last price
23.8500
23.6300 *
23.4300 **

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

Source : Trading Central

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