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

Forex Technical Analysis : XAGUSD (Silver)

Date : 27 May 2020

Pivot point : 17.2400

Our preference : short positions below 17.2400 with targets at 16.8700 & 16.6900 in extension.

Alternative scenario : above 17.2400 look for further upside with 17.3400 & 17.4500 as targets.

Comment : the RSI calls for a new downleg.

Supports and resistances :

17.4500 **
17.3400 *
17.2400
17.0100 – Last price
16.8700
16.6900 *
16.5000 **

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

Source : Trading Central

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