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

Forex Technical Analysis : XAGUSD (Silver)

Date : 4 September 2020

Pivot point : 27.0500

Our preference : short positions below 27.0500 with targets at 26.3500 & 26.0000 in extension.

Alternative scenario : above 27.0500 look for further upside with 27.3900 & 27.7000 as targets.

Comment : the RSI is bearish and calls for further decline.

Supports and resistances :

27.7000 **
27.3900 *
27.0500
26.7000 – Last price
26.3500
26.0000 *
25.7000 **

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

Source : Trading Central

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