Technical Analysis (Silver) : XAG/USD 17 March 2021

Forex Technical Analysis : XAGUSD (Silver)

Date : 17 March 2021

Pivot point : 27.4000

Our preference : short positions below 27.4000 with targets at 24.8500 & 23.6500 in extension.

Alternative scenario : above 27.4000 look for further upside with 28.1500 & 29.0000 as targets.

Comment : even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

Supports and resistances :

29.0000 **
28.1500 *
27.4000
25.9058 – Last price
24.8500
23.6500 *
22.6500 **

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

Source : Trading Central

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