Technical Analysis (Silver) : XAG/USD 2 November 2020

Forex Technical Analysis : XAGUSD (Silver)

Date : 2 November 2020

Pivot point : 23.5100

Our preference : long positions above 23.5100 with targets at 24.2000 & 24.5700 in extension.

Alternative scenario : below 23.5100 look for further downside with 23.3700 & 23.1600 as targets.

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

Supports and resistances :

24.8500 **
24.5700 *
24.2000
24.0030 – Last price
23.5100
23.3700 *
23.1600 **

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

Source : Trading Central

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