Technical Analysis (Silver) : XAG/USD 26 August 2020

Forex Technical Analysis : XAGUSD (Silver)

Date : 26 August 2020

Pivot point : 26.7000

Our preference : short positions below 26.7000 with targets at 26.0100 & 25.7800 in extension.

Alternative scenario : above 26.7000 look for further upside with 26.9500 & 27.2000 as targets.

Comment : as long as the resistance at 26.7000 is not surpassed, the risk of the break below 26.0100 remains high.

Supports and resistances :

27.2000 **
26.9500 *
26.7000
26.3080 – Last price
26.0100
25.7800 *
25.6000 **

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

Source : Trading Central

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