Technical Analysis (Silver) : XAG/USD 12 May 2022

12 May 2022 Analysis (Forex, CFDs, Cryptocurrency)CFDs (Gold & Silver)XAG/USD (Silver)

Forex Technical Analysis : XAGUSD 12 May 2022

Forex Technical Analysis : XAGUSD (Silver)

Date : 12 May 2022

Pivot point : 21.65

Our preference : short positions below 21.65 with targets at 21.15 & 21.00 in extension.

Alternative scenario : above 21.65 look for further upside with 21.90 & 22.10 as targets.

Comment : the RSI shows downside momentum.

Supports and resistances :

22.10 **
21.90 *
21.65
21.42 – Last price
21.15
21.00 *
20.85 **

Warning : This information isn’t a buy-sell signal.

Source : Trading Central

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