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

Forex Technical Analysis : XAGUSD (Silver)

Date : 17 August 2020

Pivot point : 26.8000

Our preference : short positions below 26.8000 with targets at 25.7000 & 24.9000 in extension.

Alternative scenario : above 26.8000 look for further upside with 27.7000 & 28.2500 as targets.

Comment : the RSI is mixed to bearish.

Supports and resistances :

28.2500 **
27.7000 *
26.8000
26.4370 – Last price
25.7000
24.9000 *
24.1500 **

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

Source : Trading Central

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