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

Forex Technical Analysis : XAGUSD (Silver)

Date : 5 March 2020

Pivot point : 17.0400

Our preference : long positions above 17.0400 with targets at 17.3300 & 17.4700 in extension.

Alternative scenario : below 17.0400 look for further downside with 16.8700 & 16.7200 as targets.

Comment : the RSI lacks downward momentum.

Supports and resistances :

17.6600 **
17.4700 *
17.3300
17.2068 – Last price
17.0400
16.8700 *
16.7200 **

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

Source : Trading Central

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