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

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

Forex Technical Analysis : XAGUSD 4 November 2020

Forex Technical Analysis : XAGUSD (Silver)

Date : 4 November 2020

Pivot point : 24.2000

Our preference : short positions below 24.2000 with targets at 23.3700 & 23.1600 in extension.

Alternative scenario : above 24.2000 look for further upside with 24.4900 & 24.8500 as targets.

Comment : as long as 24.2000 is resistance, look for choppy price action with a bearish bias.

Supports and resistances :

24.8500 **
24.4900 *
24.2000
23.7828 – Last price
23.3700
23.1600 *
23.0000 **

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

Source : Trading Central

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