Technical Analysis (Silver) : XAG/USD 17 August 2022

Forex Technical Analysis : XAGUSD (Silver)

Date : 17 August 2022

Pivot point : 20.01

Our preference : long positions above 20.01 with targets at 20.38 & 20.50 in extension.

Alternative scenario : below 20.01 look for further downside with 19.89 & 19.75 as targets.

Comment : the RSI calls for a rebound.

Supports and resistances :

20.64 **
20.50 *
20.38
20.19 – Last price
20.01
19.89 *
19.75 **

Warning : This information isn’t a buy-sell signal.

Source : Trading Central

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