Technical Analysis (Silver) : XAG/USD 22 May 2020

Forex Technical Analysis : XAGUSD (Silver)

Date : 22 May 2020

Pivot point : 17.1300

Our preference : short positions below 17.1300 with targets at 16.5000 & 16.3000 in extension.

Alternative scenario : above 17.1300 look for further upside with 17.2900 & 17.4000 as targets.

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

Supports and resistances :

17.4000 **
17.2900 *
17.1300
16.8025 – Last price
16.5000
16.3000 *
16.1200 **

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

Source : Trading Central

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