7 October 2020 Analysis (Forex, CFDs, Cryptocurrency)CFDs (Gold & Silver)XAG/USD (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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