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

Forex Technical Analysis : XAGUSD (Silver)

Date : 18 June 2020

Pivot point : 17.3100

Our preference : long positions above 17.3100 with targets at 17.6000 & 17.7500 in extension.

Alternative scenario : below 17.3100 look for further downside with 17.1400 & 16.9300 as targets.

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

Supports and resistances :

17.8600 **
17.7500 *
17.6000
17.4675 – Last price
17.3100
17.1400 *
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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