Technical Analysis (Silver) : XAG/USD 8 June 2020

Forex Technical Analysis : XAGUSD (Silver)

Date : 8 June 2020

Pivot point : 17.6400

Our preference : short positions below 17.6400 with targets at 17.3400 & 17.2000 in extension.

Alternative scenario : above 17.6400 look for further upside with 17.7500 & 17.8500 as targets.

Comment : as long as 17.6400 is resistance, look for choppy price action with a bearish bias.

Supports and resistances :

17.8500 **
17.7500 *
17.6400
17.5665 – Last price
17.3400
17.2000 *
17.1000 **

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

Source : Trading Central

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