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

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

Forex Technical Analysis : XAGUSD 5 June 2020

Forex Technical Analysis : XAGUSD (Silver)

Date : 5 June 2020

Pivot point : 17.5300

Our preference : long positions above 17.5300 with targets at 17.8500 & 17.9900 in extension.

Alternative scenario : below 17.5300 look for further downside with 17.4400 & 17.3400 as targets.

Comment : a support base at 17.5300 has formed and has allowed for a temporary stabilisation.

Supports and resistances :

18.0800 **
17.9900 *
17.8500
17.6990 – Last price
17.5300
17.4400 *
17.3400 **

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

Source : Trading Central

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