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

Forex Technical Analysis : XAGUSD (Silver)

Date : 20 May 2020

Pivot point : 15.8000

Our preference : long positions above 15.8000 with targets at 18.7000 & 19.6500 in extension.

Alternative scenario : below 15.8000 look for further downside with 14.6000 & 13.8000 as targets.

Comment : the break above the resistance at 15.8000 triggered an upward acceleration to 18.7000.

Supports and resistances :

20.1500 **
19.6500 *
18.7000
17.5395 – Last price
15.8000
14.6000 *
13.8000 **

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

Source : Trading Central

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