Technical Analysis (Silver) : XAG/USD 14 January 2021

Forex Technical Analysis : XAGUSD (Silver)

Date : 14 January 2021

Pivot point : 25.6800

Our preference : short positions below 25.6800 with targets at 24.8500 & 24.5300 in extension.

Alternative scenario : above 25.6800 look for further upside with 25.9700 & 26.3000 as targets.

Comment : the RSI is bearish and calls for further downside.

Supports and resistances :

26.3000 **
25.9700 *
25.6800
25.2290 – Last price
24.8500
24.5300 *
24.3100 **

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

Source : Trading Central

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