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

Forex Technical Analysis : XAGUSD (Silver)

Date : 18 March 2020

Pivot point : 12.9000

Our preference : short positions below 12.9000 with targets at 12.0800 & 11.7700 in extension.

Alternative scenario : above 12.9000 look for further upside with 13.2800 & 13.5000 as targets.

Comment : as long as 12.9000 is resistance, look for choppy price action with a bearish bias.

Supports and resistances :

13.5000 **
13.2800 *
12.9000
12.5025 – Last price
12.0800
11.7700 *
11.5000 **

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

Source : Trading Central

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