Technical Analysis (Silver) : XAG/USD 4 August 2020

4 August 2020 Analysis (Forex, CFDs, Cryptocurrency)CFDs (Gold & Silver)XAG/USD (Silver)

Forex Technical Analysis : XAGUSD 4 August 2020

Forex Technical Analysis : XAGUSD (Silver)

Date : 4 August 2020

Pivot point : 24.1400

Our preference : long positions above 24.1400 with targets at 24.7000 & 24.9500 in extension.

Alternative scenario : below 24.1400 look for further downside with 24.0000 & 23.8000 as targets.

Comment : the RSI calls for a bounce.

Supports and resistances :

25.2000 **
24.9500 *
24.7000
24.3598 – Last price
24.1400
24.0000 *
23.8000 **

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

Source : Trading Central

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