Technical Analysis (Silver) : XAG/USD 17 April 2020

Forex Technical Analysis : XAGUSD (Silver)

Date : 17 April 2020

Pivot point : 15.5500

Our preference : short positions below 15.5500 with targets at 15.1800 & 15.1100 in extension.

Alternative scenario : above 15.5500 look for further upside with 15.7100 & 15.8400 as targets.

Comment : as long as 15.5500 is resistance, look for choppy price action with a bearish bias.

Supports and resistances :

15.8400 **
15.7100 *
15.5500
15.3600 – Last price
15.1800
15.1100 *
15.0000 **

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

Source : Trading Central

If you open a live account with a broker that support Trading Central, you’ll get all technical analysis.