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

Forex Technical Analysis : XAGUSD (Silver)

Date : 19 October 2020

Pivot point : 24.5100

Our preference : short positions below 24.5100 with targets at 24.0300 & 23.7400 in extension.

Alternative scenario : above 24.5100 look for further upside with 24.6300 & 24.8700 as targets.

Comment : as long as the resistance at 24.5100 is not surpassed, the risk of the break below 24.0300 remains high.

Supports and resistances :

24.8700 **
24.6300 *
24.5100
24.2250 – Last price
24.0300
23.7400 *
23.5600 **

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

Source : Trading Central

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