Technical Analysis (Silver) : XAG/USD 29 July 2020

Forex Technical Analysis : XAGUSD (Silver)

Date : 29 July 2020

Pivot point : 23.9000

Our preference : long positions above 23.9000 with targets at 24.6500 & 25.1400 in extension.

Alternative scenario : below 23.9000 look for further downside with 23.5500 & 23.1000 as targets.

Comment : a support base at 23.9000 has formed and has allowed for a temporary stabilisation.

Supports and resistances :

25.6500 **
25.1400 *
24.6500
24.1678 – Last price
23.9000
23.5500 *
23.1000 **

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

Source : Trading Central

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