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

Forex Technical Analysis : XAGUSD (Silver)

Date : 21 May 2020

Pivot point : 17.4200

Our preference : short positions below 17.4200 with targets at 17.0200 & 16.7800 in extension.

Alternative scenario : above 17.4200 look for further upside with 17.6300 & 17.7900 as targets.

Comment : the RSI is bearish and calls for further decline.

Supports and resistances :

17.7900 **
17.6300 *
17.4200
17.1730 – Last price
17.0200
16.7800 *
16.5000 **

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

Source : Trading Central

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