Technical Analysis (Silver) : XAG/USD 20 April 2020

Forex Technical Analysis : XAGUSD (Silver)

Date : 20 April 2020

Pivot point : 15.3400

Our preference : short positions below 15.3400 with targets at 15.0000 & 14.9000 in extension.

Alternative scenario : above 15.3400 look for further upside with 15.4300 & 15.5500 as targets.

Comment : as long as the resistance at 15.3400 is not surpassed, the risk of the break below 15.0000 remains high.

Supports and resistances :

15.5500 **
15.4300 *
15.3400
15.2330 – Last price
15.0000
14.9000 *
14.8200 **

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

Source : Trading Central

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