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

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

Forex Technical Analysis : XAGUSD 8 October 2020

Forex Technical Analysis : XAGUSD (Silver)

Date : 8 October 2020

Pivot point : 25.2000

Our preference : short positions below 25.2000 with targets at 21.6500 & 20.0000 in extension.

Alternative scenario : above 25.2000 look for further upside with 26.7500 & 28.9000 as targets.

Comment : the upward potential is likely to be limited by the resistance at 25.2000.

Supports and resistances :

28.9000 **
26.7500 *
25.2000
23.8250 – Last price
21.6500
20.0000 *
18.6500 **

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

Source : Trading Central

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