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

Forex Technical Analysis : XAGUSD (Silver)

Date : 7 October 2020

Pivot point : 23.7100

Our preference : short positions below 23.7100 with targets at 23.0500 & 22.8300 in extension.

Alternative scenario : above 23.7100 look for further upside with 24.0000 & 24.2000 as targets.

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

Supports and resistances :

24.2000 **
24.0000 *
23.7100
24.4039 – Last price
23.0500
22.8300 *
22.6100 **

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

Source : Trading Central

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