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

Forex Technical Analysis : XAGUSD (Silver)

Date : 20 March 2020

Pivot point : 12.1200

Our preference : long positions above 12.1200 with targets at 12.8700 & 13.1800 in extension.

Alternative scenario : below 12.1200 look for further downside with 11.9500 & 11.8000 as targets.

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

Supports and resistances :

13.5900 **
13.1800 *
12.8700
12.5700 – Last price
12.1200
11.9500 *
11.8000 **

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

Source : Trading Central

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