Technical Analysis (Silver) : XAG/USD 12 January 2021

12 January 2021 Analysis (Forex, CFDs, Cryptocurrency)CFDs (Gold & Silver)XAG/USD (Silver)

Forex Technical Analysis : XAGUSD 12 January 2021

Forex Technical Analysis : XAGUSD (Silver)

Date : 12 January 2021

Pivot point : 24.6700

Our preference : long positions above 24.6700 with targets at 25.9700 & 26.5900 in extension.

Alternative scenario : below 24.6700 look for further downside with 24.3100 & 23.7700 as targets.

Comment : the RSI advocates for further advance.

Supports and resistances :

26.9600 **
26.5900 *
25.9700
25.4018 – Last price
24.6700
24.3100 *
23.7700 **

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

Source : Trading Central

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