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

Forex Technical Analysis : XAGUSD (Silver)

Date : 19 May 2020

Pivot point : 17.2600

Our preference : short positions below 17.2600 with targets at 16.7800 & 16.5000 in extension.

Alternative scenario : above 17.2600 look for further upside with 17.5600 & 17.8500 as targets.

Comment : as long as 17.2600 is resistance, look for choppy price action with a bearish bias.

Supports and resistances :

17.8500 **
17.5600 *
17.2600
17.1050 – Last price
16.7800
16.5000 *
16.3000 **

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

Source : Trading Central

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