Technical Analysis (Silver) : XAG/USD 31 August 2020

Forex Technical Analysis : XAGUSD (Silver)

Date : 31 August 2020

Pivot point : 27.5000

Our preference : long positions above 27.5000 with targets at 28.3000 & 28.7500 in extension.

Alternative scenario : below 27.5000 look for further downside with 27.1500 & 26.8000 as targets.

Comment : the RSI is bullish and calls for further upside.

Supports and resistances :

29.0000 **
28.7500 *
28.3000
28.0305 – Last price
27.5000
27.1500 *
26.8000 **

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

Source : Trading Central

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