Technical Analysis (Silver) : XAG/USD 3 June 2020

Forex Technical Analysis : XAGUSD (Silver)

Date : 3 June 2020

Pivot point : 18.0700

Our preference : short positions below 18.0700 with targets at 17.7500 & 17.5200 in extension.

Alternative scenario : above 18.0700 look for further upside with 18.2400 & 18.3800 as targets.

Comment : as long as the resistance at 18.0700 is not surpassed, the risk of the break below 17.7500 remains high.

Supports and resistances :

18.3800 **
18.2400 *
18.0700
17.8260 – Last price
17.7500
17.5200 *
17.3300 **

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

Source : Trading Central

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