Technical Analysis (Silver) : XAG/USD 13 May 2022

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

Forex Technical Analysis : XAGUSD 13 May 2022

Forex Technical Analysis : XAGUSD (Silver)

Date : 13 May 2022

Pivot point : 21.15

Our preference : short positions below 21.15 with targets at 20.45 & 20.15 in extension.

Alternative scenario : above 21.15 look for further upside with 21.40 & 21.65 as targets.

Comment : as long as the resistance at 21.15 is not surpassed, the risk of the break below 20.45 remains high.

Supports and resistances :

21.65 **
21.40 *
21.15
20.82 – Last price
20.45
20.15 *
20.00 **

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

Source : Trading Central

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