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

Forex Technical Analysis : XAGUSD (Silver)

Date : 7 July 2020

Pivot point : 18.1500

Our preference : long positions above 18.1500 with targets at 18.3300 & 18.4000 in extension.

Alternative scenario : below 18.1500 look for further downside with 18.0600 & 17.9500 as targets.

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

Supports and resistances :

18.5300 **
18.4000 *
18.3300
18.2138 – Last price
18.1500
18.0600 *
17.9500 **

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

Source : Trading Central

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