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

Forex Technical Analysis : XAGUSD (Silver)

Date : 9 October 2020

Pivot point : 23.9700

Our preference : long positions above 23.9700 with targets at 24.5000 & 24.7500 in extension.

Alternative scenario : below 23.9700 look for further downside with 23.6300 & 23.3300 as targets.

Comment : the RSI is mixed to bullish.

Supports and resistances :

24.9600 **
24.7500 *
24.5000
24.2005 – Last price
23.9700
23.6300 *
23.3300 **

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

Source : Trading Central

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