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

Forex Technical Analysis : XAGUSD (Silver)

Date : 21 August 2020

Pivot point : 26.9700

Our preference : long positions above 26.9700 with targets at 27.6700 & 28.1500 in extension.

Alternative scenario : below 26.9700 look for further downside with 26.7000 & 26.3000 as targets.

Comment : the RSI is mixed with a bullish bias.

Supports and resistances :

28.4500 **
28.1500 *
27.6700
27.3680 – Last price
26.9700
26.7000 *
26.3000 **

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

Source : Trading Central

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