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

Forex Technical Analysis : XAGUSD (Silver)

Date : 8 May 2020

Pivot point : 15.1900

Our preference : long positions above 15.1900 with targets at 15.6000 & 15.7000 in extension.

Alternative scenario : below 15.1900 look for further downside with 15.0000 & 14.9000 as targets.

Comment : the RSI is bullish and calls for further upside.

Supports and resistances :

15.8400 **
15.7000 *
15.6000
14.4270 – Last price
15.1900
15.0000 *
14.9000 **

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

Source : Trading Central

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