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

Forex Technical Analysis : XAGUSD (Silver)

Date : 24 July 2020

Pivot point : 22.2300

Our preference : long positions above 22.2300 with targets at 23.2400 & 23.6600 in extension.

Alternative scenario : below 22.2300 look for further downside with 21.8300 & 21.4800 as targets.

Comment : the immediate trend remains up but the momentum is weak.

Supports and resistances :

24.0000 **
23.6600 *
23.2400
22.5560 – Last price
22.2300
21.8300 *
21.4800 **

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

Source : Trading Central

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