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

Forex Technical Analysis : XAGUSD (Silver)

Date : 30 October 2020

Pivot point : 23.5700

Our preference : short positions below 23.5700 with targets at 23.0000 & 22.7300 in extension.

Alternative scenario : above 23.5700 look for further upside with 23.8800 & 24.1700 as targets.

Comment : as long as the resistance at 23.5700 is not surpassed, the risk of the break below 23.0000 remains high.

Supports and resistances :

24.1700 **
23.8800 *
23.5700
23.2300 – Last price
23.0000
22.7300 *
22.5700 **

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

Source : Trading Central

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