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

Forex Technical Analysis : XAGUSD (Silver)

Date : 9 September 2020

Pivot point : 26.4300

Our preference : long positions above 26.4300 with targets at 26.9500 & 27.1700 in extension.

Alternative scenario : below 26.4300 look for further downside with 26.2100 & 25.9900 as targets.

Comment : a support base at 26.4300 has formed and has allowed for a temporary stabilisation.

Supports and resistances :

27.3300 **
27.1700 *
26.9500
26.6250 – Last price
26.4300
26.2100 *
25.9900 **

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

Source : Trading Central

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