Technical Analysis (Silver) : XAG/USD 28 May 2020

Forex Technical Analysis : XAGUSD (Silver)

Date : 28 May 2020

Pivot point : 17.1600

Our preference : long positions above 17.1600 with targets at 17.3800 & 17.4500 in extension.

Alternative scenario : below 17.1600 look for further downside with 17.0800 & 17.0000 as targets.

Comment : the RSI lacks momentum.

Supports and resistances :

17.5500 **
17.4500 *
17.3800
17.2835 – Last price
17.1600
17.0800 *
17.0000 **

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

Source : Trading Central

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