Technical Analysis (Silver) : XAG/USD 9 November 2020

Forex Technical Analysis : XAGUSD (Silver)

Date : 9 November 2020

Pivot point : 25.3700

Our preference : long positions above 25.3700 with targets at 26.0000 & 26.4400 in extension.

Alternative scenario : below 25.3700 look for further downside with 24.9500 & 24.6300 as targets.

Comment : the RSI is mixed with a bullish bias.

Supports and resistances :

26.8400 **
26.4400 *
26.0000
25.7770 – Last price
25.3700
24.9500 *
24.6300 **

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

Source : Trading Central

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