Technical Analysis (Silver) : XAG/USD 16 February 2021

Forex Technical Analysis : XAGUSD (Silver)

Date : 16 February 2021

Pivot point : 27.5100

Our preference : long positions above 27.5100 with targets at 27.9500 & 28.1000 in extension.

Alternative scenario : below 27.5100 look for further downside with 27.3400 & 27.1800 as targets.

Comment : intraday technical indicators are mixed and call for caution.

Supports and resistances :

28.3000 **
28.1000 *
27.9500
27.5470 – Last price
27.5100
27.3400 *
27.1800 **

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

Source : Trading Central

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