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

Forex Technical Analysis : XAGUSD (Silver)

Date : 16 November 2020

Pivot point : 24.5800

Our preference : long positions above 24.5800 with targets at 25.1700 & 25.4900 in extension.

Alternative scenario : below 24.5800 look for further downside with 24.4100 & 24.2000 as targets.

Comment : the RSI advocates for further advance.

Supports and resistances :

25.8000 **
25.4900 *
25.1700
25.0057 – Last price
24.5800
24.4100 *
24.2000 **

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

Source : Trading Central

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