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

Forex Technical Analysis : XAGUSD (Silver)

Date : 6 October 2020

Pivot point : 24.0200

Our preference : long positions above 24.0200 with targets at 24.5100 & 24.6800 in extension.

Alternative scenario : below 24.0200 look for further downside with 23.6800 & 23.3600 as targets.

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

Supports and resistances :

24.8500 **
24.6800 *
24.5100
24.3008 – Last price
24.0200
23.6800 *
23.3600 **

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

Source : Trading Central

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