Technical Analysis (Silver) : XAG/USD 24 April 2020

Forex Technical Analysis : XAGUSD (Silver)

Date : 24 April 2020

Pivot point : 15.1000

Our preference : long positions above 15.1000 with targets at 15.3200 & 15.4400 in extension.

Alternative scenario : below 15.1000 look for further downside with 14.9400 & 14.8300 as targets.

Comment : a support base at 15.1000 has formed and has allowed for a temporary stabilisation.

Supports and resistances :

15.6000 **
15.4400 *
15.3200
15.1725 – Last price
15.1000
14.9400 *
14.8300 **

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

Source : Trading Central

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