Technical Analysis (Silver) : XAG/USD 30 July 2020

30 July 2020 Analysis (Forex, CFDs, Cryptocurrency)CFDs (Gold & Silver)XAG/USD (Silver)

Forex Technical Analysis : XAGUSD 30 July 2020

Forex Technical Analysis : XAGUSD (Silver)

Date : 30 July 2020

Pivot point : 23.9000

Our preference : long positions above 23.9000 with targets at 24.6500 & 24.9300 in extension.

Alternative scenario : below 23.9000 look for further downside with 23.5500 & 23.2700 as targets.

Comment : even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances :

25.3800 **
24.9300 *
24.6500
24.1400 – Last price
23.9000
23.5500 *
23.2700 **

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

Source : Trading Central

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