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

26 October 2020 Analysis (Forex, CFDs, Cryptocurrency)CFDs (Gold & Silver)XAG/USD (Silver)

Forex Technical Analysis : XAGUSD 26 October 2020

Forex Technical Analysis : XAGUSD (Silver)

Date : 26 October 2020

Pivot point : 24.5500

Our preference : short positions below 24.5500 with targets at 24.1600 & 23.9100 in extension.

Alternative scenario : above 24.5500 look for further upside with 24.7400 & 24.8500 as targets.

Comment : as long as the resistance at 24.5500 is not surpassed, the risk of the break below 24.1600 remains high.

Supports and resistances :

24.8500 **
24.7400 *
24.5500
24.3198 – Last price
24.1600
23.9100 *
23.5500 **

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

Source : Trading Central

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