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

Forex Technical Analysis : XAGUSD (Silver)

Date : 3 March 2020

Pivot point : 16.6400

Our preference : long positions above 16.6400 with targets at 17.0500 & 17.2100 in extension.

Alternative scenario : below 16.6400 look for further downside with 16.5100 & 16.3700 as targets.

Comment : the RSI is mixed to bullish.

Supports and resistances :

17.4000 **
17.2100 *
17.0500
16.8750 – Last price
16.6400
16.5100 *
16.3700 **

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

Source : Trading Central

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