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

Forex Technical Analysis : XAGUSD (Silver)

Date : 27 October 2020

Pivot point : 24.2000

Our preference : long positions above 24.2000 with targets at 24.6600 & 24.8500 in extension.

Alternative scenario : below 24.2000 look for further downside with 24.0700 & 23.9100 as targets.

Comment : the RSI is mixed with a bullish bias.

Supports and resistances :

24.9800 **
24.8500 *
24.6600
24.4772 – Last price
24.2000
24.0700 *
23.9100 **

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

Source : Trading Central

If you open a live account with a broker that support Trading Central, you’ll get all technical analysis.