Technical Analysis (Silver) : XAG/USD 7 April 2020

Forex Technical Analysis : XAGUSD (Silver)

Date : 7 April 2020

Pivot point : 14.9300

Our preference : long positions above 14.9300 with targets at 15.3600 & 15.5500 in extension.

Alternative scenario : below 14.9300 look for further downside with 14.7000 & 14.5000 as targets.

Comment : a support base at 14.9300 has formed and has allowed for a temporary stabilisation.

Supports and resistances :

15.8000 **
15.5500 *
15.3600
15.1779 – Last price
14.9300
14.7000 *
14.5000 **

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

Source : Trading Central

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