Technical Analysis (Silver) : XAG/USD 21 April 2020

Forex Technical Analysis : XAGUSD (Silver)

Date : 21 April 2020

Pivot point : 15.1300

Our preference : long positions above 15.1300 with targets at 15.3300 & 15.4300 in extension.

Alternative scenario : below 15.1300 look for further downside with 15.0700 & 15.0000 as targets.

Comment : a support base at 15.1300 has formed and has allowed for a temporary stabilisation.

Supports and resistances :

15.5500 **
15.4300 *
15.3300
15.1898 – Last price
15.1300
15.0700 *
15.0000 **

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

Source : Trading Central

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