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

17 November 2020 Analysis (Forex, CFDs, Cryptocurrency)CFDs (Gold & Silver)XAG/USD (Silver)

Forex Technical Analysis : XAGUSD 17 November 2020

Forex Technical Analysis : XAGUSD (Silver)

Date : 17 November 2020

Pivot point : 24.4900

Our preference : long positions above 24.4900 with targets at 24.8500 & 25.0700 in extension.

Alternative scenario : below 24.4900 look for further downside with 24.2000 & 24.0200 as targets.

Comment : even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances :

25.3100 **
25.0700 *
24.8500
24.6486 – Last price
24.4900
24.2000 *
24.0200 **

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

Source : Trading Central

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