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

Forex Technical Analysis : XAGUSD (Silver)

Date : 26 May 2020

Pivot point : 17.1300

Our preference : long positions above 17.1300 with targets at 17.5700 & 17.7500 in extension.

Alternative scenario : below 17.1300 look for further downside with 16.9800 & 16.8700 as targets.

Comment : the RSI advocates for further advance.

Supports and resistances :

17.8800 **
17.7500 *
17.5700
17.3785 – Last price
17.1300
16.9800 *
16.8700 **

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

Source : Trading Central

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