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

Forex Technical Analysis : XAGUSD (Silver)

Date : 16 June 2020

Pivot point : 17.1800

Our preference : long positions above 17.1800 with targets at 17.5500 & 17.7500 in extension.

Alternative scenario : below 17.1800 look for further downside with 17.0300 & 16.9300 as targets.

Comment : the RSI is mixed to bullish.

Supports and resistances :

17.9500 **
17.7500 *
17.5500
17.3361 – Last price
17.1800
17.0300 *
16.9300 **

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

Source : Trading Central

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