Technical Analysis (Silver) : XAG/USD 19 June 2020

Forex Technical Analysis : XAGUSD (Silver)

Date : 19 June 2020

Pivot point : 17.5400

Our preference : short positions below 17.5400 with targets at 17.2900 & 17.1400 in extension.

Alternative scenario : above 17.5400 look for further upside with 17.6700 & 17.7500 as targets.

Comment : as long as the resistance at 17.5400 is not surpassed, the risk of the break below 17.2900 remains high.

Supports and resistances :

17.7500 **
17.6700 *
17.5400
17.3767 – Last price
17.2900
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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