Technical Analysis (Silver) : XAG/USD 25 August 2020

25 August 2020 Analysis (Forex, CFDs, Cryptocurrency)CFDs (Gold & Silver)XAG/USD (Silver)

Forex Technical Analysis : XAGUSD 25 August 2020

Forex Technical Analysis : XAGUSD (Silver)

Date : 25 August 2020

Pivot point : 26.4700

Our preference : long positions above 26.4700 with targets at 27.0000 & 27.2200 in extension.

Alternative scenario : below 26.4700 look for further downside with 26.2300 & 26.0100 as targets.

Comment : even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances :

27.5400 **
27.2200 *
27.0000
26.5855 – Last price
26.4700
26.2300 *
26.0100 **

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

Source : Trading Central

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