Technical Analysis (Silver) : XAG/USD 23 April 2020

Forex Technical Analysis : XAGUSD (Silver)

Date : 23 April 2020

Pivot point : 14.9400

Our preference : long positions above 14.9400 with targets at 15.4300 & 15.6000 in extension.

Alternative scenario : below 14.9400 look for further downside with 14.8300 & 14.6600 as targets.

Comment : the RSI is bullish and calls for further advance.

Supports and resistances :

15.7500 **
15.6000 *
15.4300
15.2027 – Last price
14.9400
14.8300 *
14.6600 **

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

Source : Trading Central

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