Technical Analysis (Silver) : XAG/USD 18 August 2020

18 August 2020 Analysis (Forex, CFDs, Cryptocurrency)CFDs (Gold & Silver)XAG/USD (Silver)

Forex Technical Analysis : XAGUSD 18 August 2020

Forex Technical Analysis : XAGUSD (Silver)

Date : 18 August 2020

Pivot point : 27.1000

Our preference : long positions above 27.1000 with targets at 28.3000 & 28.7500 in extension.

Alternative scenario : below 27.1000 look for further downside with 26.5700 & 26.2700 as targets.

Comment : the RSI advocates for further upside.

Supports and resistances :

29.2500 **
28.7500 *
28.3000
27.7875 – Last price
27.1000
26.5700 *
26.2700 **

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

Source : Trading Central

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