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

Forex Technical Analysis : XAGUSD (Silver)

Date : 20 August 2020

Pivot point : 26.5700

Our preference : long positions above 26.5700 with targets at 27.4900 & 28.0300 in extension.

Alternative scenario : below 26.5700 look for further downside with 26.3000 & 25.8000 as targets.

Comment : the RSI calls for a rebound.

Supports and resistances :

28.4600 **
28.0300 *
27.4900
27.2990 – Last price
26.5700
26.3000 *
25.8000 **

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

Source : Trading Central

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