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

Forex Technical Analysis : XAGUSD (Silver)

Date : 29 May 2020

Pivot point : 17.2400

Our preference : long positions above 17.2400 with targets at 17.5200 & 17.6300 in extension.

Alternative scenario : below 17.2400 look for further downside with 17.1000 & 17.0000 as targets.

Comment : the RSI is bullish and calls for further upside.

Supports and resistances :

17.7400 **
17.6300 *
17.5200
17.4080 – Last price
17.2400
17.1000 *
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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