Technical Analysis (Silver) : XAG/USD 1 February 2021

Forex Technical Analysis : XAGUSD (Silver)

Date : 1 February 2021

Pivot point : 27.6500

Our preference : long positions above 27.6500 with targets at 29.4500 & 30.0000 in extension.

Alternative scenario : below 27.6500 look for further downside with 27.1800 & 26.6500 as targets.

Comment : the RSI is mixed with a bullish bias.

Supports and resistances :

30.5000 **
30.0000 *
29.4500
28.6370 – Last price
27.6500
27.1800 *
26.6500 **

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

Source : Trading Central

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