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

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

Forex Technical Analysis : XAGUSD 5 November 2020

Forex Technical Analysis : XAGUSD (Silver)

Date : 5 November 2020

Pivot point : 23.6900

Our preference : long positions above 23.6900 with targets at 24.4900 & 24.6600 in extension.

Alternative scenario : below 23.6900 look for further downside with 23.4100 & 23.2000 as targets.

Comment : the RSI advocates for further advance.

Supports and resistances :

24.8500 **
24.6600 *
24.4900
24.1440 – Last price
23.6900
23.4100 *
23.2000 **

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

Source : Trading Central

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