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

29 October 2020 Analysis (Forex, CFDs, Cryptocurrency)CFDs (Gold & Silver)XAG/USD (Silver)

Forex Technical Analysis : XAGUSD 29 October 2020

Forex Technical Analysis : XAGUSD (Silver)

Date : 29 October 2020

Pivot point : 23.6400

Our preference : short positions below 23.6400 with targets at 23.0000 & 22.7300 in extension.

Alternative scenario : above 23.6400 look for further upside with 23.8100 & 24.0700 as targets.

Comment : the immediate trend remains down but the momentum is weak.

Supports and resistances :

24.0700 **
23.8100 *
23.6400
24.4209 – Last price
23.0000
22.7300 *
22.5000 **

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

Source : Trading Central

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