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

Forex Technical Analysis : XAGUSD (Silver)

Date : 24 August 2020

Pivot point : 26.8900

Our preference : short positions below 26.8900 with targets at 26.0100 & 25.7000 in extension.

Alternative scenario : above 26.8900 look for further upside with 27.2500 & 27.5400 as targets.

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

Supports and resistances :

27.5400 **
27.2500 *
26.8900
26.4815 – Last price
26.0100
25.7000 *
25.2500 **

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

Source : Trading Central

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