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

Forex Technical Analysis : XAGUSD (Silver)

Date : 18 May 2020

Pivot point : 16.8500

Our preference : long positions above 16.8500 with targets at 17.3000 & 17.6000 in extension.

Alternative scenario : below 16.8500 look for further downside with 16.6500 & 16.5000 as targets.

Comment : the RSI is bullish and calls for further advance.

Supports and resistances :

17.9000 **
17.6000 *
17.3000
17.1405 – Last price
16.8500
16.6500 *
16.5000 **

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

Source : Trading Central

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