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

Forex Technical Analysis : XAGUSD (Silver)

Date : 19 November 2020

Pivot point : 24.4200

Our preference : short positions below 24.4200 with targets at 23.7600 & 23.5500 in extension.

Alternative scenario : above 24.4200 look for further upside with 24.6200 & 24.8300 as targets.

Comment : a break below 23.7600 would trigger a drop towards 23.5500.

Supports and resistances :

24.8300 **
24.6200 *
24.4200
24.0500 – Last price
23.7600
23.5500 *
23.2000 **

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

Source : Trading Central

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