Technical Analysis (Silver) : XAG/USD 6 April 2020

Forex Technical Analysis : XAGUSD (Silver)

Date : 6 April 2020

Pivot point : 14.2200

Our preference : long positions above 14.2200 with targets at 14.5500 & 14.7100 in extension.

Alternative scenario : below 14.2200 look for further downside with 14.1000 & 14.0000 as targets.

Comment : even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances :

14.8600 **
14.7100 *
14.5500
14.3689 – Last price
14.2200
14.1000 *
14.0000 **

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

Source : Trading Central

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