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

Forex Technical Analysis : XAGUSD (Silver)

Date : 25 June 2020

Pivot point : 17.4100

Our preference : long positions above 17.4100 with targets at 17.6700 & 17.8200 in extension.

Alternative scenario : below 17.4100 look for further downside with 17.3500 & 17.2300 as targets.

Comment : a support base at 17.4100 has formed and has allowed for a temporary stabilisation.

Supports and resistances :

17.9900 **
17.8200 *
17.6700
17.5625 – Last price
17.4100
17.3500 *
17.2300 **

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

Source : Trading Central

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