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

Forex Technical Analysis : XAGUSD (Silver)

Date : 4 June 2020

Pivot point : 17.7800

Our preference : short positions below 17.7800 with targets at 17.4400 & 17.2400 in extension.

Alternative scenario : above 17.7800 look for further upside with 17.9900 & 18.1000 as targets.

Comment : a break below 17.4400 would trigger a drop towards 17.2400.

Supports and resistances :

18.1000 **
17.9900 *
17.7800
17.5896 – Last price
17.4400
17.2400 *
17.0900 **

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

Source : Trading Central

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