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alexander.gorodynsky
Nov 2, 2015 10:12 AM

XAGUSD 

Silver/U.S. DollarFXCM

Description

pivot point is at 15.77.

Our preference: SELL below 15.77 with target points 15.4 and 15.25.

Alternative scenario: The upside breakout level of 15.77 will open the way to 15.8 and 16.

Analysis: As long as 15.77 remains resistance may drop to 15.4.

Support and resistance levels:
16
15.84
15.77
Closing price 15.509
15.4
15.25
15.08
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