Technical Analysis (Silver) : XAG/USD 16 July 2020

Forex Technical Analysis : XAGUSD (Silver)

Date : 16 July 2020

Pivot point : 19.3800

Our preference : short positions below 19.3800 with targets at 19.1000 & 18.9700 in extension.

Alternative scenario : above 19.3800 look for further upside with 19.4700 & 19.5700 as targets.

Comment : the RSI calls for a new downleg.

Supports and resistances :

19.5700 **
19.4700 *
19.3800
19.2270 – Last price
19.1000
18.9700 *
18.8500 **

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

Source : Trading Central

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