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

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

Forex Technical Analysis : XAGUSD 6 August 2020

Forex Technical Analysis : XAGUSD (Silver)

Date : 6 August 2020

Pivot point : 26.4000

Our preference : long positions above 26.4000 with targets at 27.6000 & 28.0000 in extension.

Alternative scenario : below 26.4000 look for further downside with 25.7700 & 25.3400 as targets.

Comment : the RSI is bullish and calls for further advance.

Supports and resistances :

28.3000 **
28.0000 *
27.6000
27.0930 – Last price
26.4000
25.7700 *
25.3400 **

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

Source : Trading Central

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