Technical Analysis (Silver) : XAG/USD 5 August 2020

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

Forex Technical Analysis : XAGUSD 5 August 2020

Forex Technical Analysis : XAGUSD (Silver)

Date : 5 August 2020

Pivot point : 25.3400

Our preference : long positions above 25.3400 with targets at 26.3000 & 26.8500 in extension.

Alternative scenario : below 25.3400 look for further downside with 24.9500 & 24.7000 as targets.

Comment : a support base at 25.3400 has formed and has allowed for a temporary stabilisation.

Supports and resistances :

27.2000 **
26.8500 *
26.3000
25.9780 – Last price
25.3400
24.9500 *
24.7000 **

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

Source : Trading Central

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