Technical Analysis (Silver) : XAG/USD 27 August 2020

Forex Technical Analysis : XAGUSD (Silver)

Date : 27 August 2020

Pivot point : 26.8000

Our preference : long positions above 26.8000 with targets at 27.5400 & 27.8400 in extension.

Alternative scenario : below 26.8000 look for further downside with 26.6000 & 26.4200 as targets.

Comment : the RSI is mixed with a bullish bias.

Supports and resistances :

28.0200 **
27.8400 *
27.5400
27.0960 – Last price
26.8000
26.6000 *
26.4200 **

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

Source : Trading Central

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