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

Forex Technical Analysis : XAGUSD (Silver)

Date : 7 August 2020

Pivot point : 29.1500

Our preference : short positions below 29.1500 with targets at 27.7500 & 26.9500 in extension.

Alternative scenario : above 29.1500 look for further upside with 29.8500 & 30.5000 as targets.

Comment : the RSI calls for a new downleg.

Supports and resistances :

30.5000 **
29.8500 *
29.1500
28.2610 – Last price
27.7500
26.9500 *
26.2500 **

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

Source : Trading Central

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