Technical Analysis (Silver) : XAG/USD 9 August 2022

9 August 2022 Analysis (Forex, CFDs, Cryptocurrency)CFDs (Gold & Silver)XAG/USD (Silver)

Forex Technical Analysis : XAGUSD 9 August 2022

Forex Technical Analysis : XAGUSD (Silver)

Date : 9 August 2022

Pivot point : 20.39

Our preference : long positions above 20.39 with targets at 20.90 & 21.10 in extension.

Alternative scenario : below 20.39 look for further downside with 20.18 & 20.00 as targets.

Comment : technically the RSI is above its neutrality area at 50.

Supports and resistances :

21.30 **
21.10 *
20.90
20.69 – Last price
20.39
20.18 *
20.00 **

Warning : This information isn’t a buy-sell signal.

Source : Trading Central

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