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

Forex Technical Analysis : XAGUSD (Silver)

Date : 17 June 2020

Pivot point : 17.5600

Our preference : short positions below 17.5600 with targets at 17.2600 & 17.0700 in extension.

Alternative scenario : above 17.5600 look for further upside with 17.7500 & 17.9300 as targets.

Comment : a break below 17.2600 would trigger a drop towards 17.0700.

Supports and resistances :

17.9300 **
17.7500 *
17.5600
17.3575 – Last price
17.2600
17.0700 *
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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