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

17 November 2021 Analysis (Forex, CFDs, Cryptocurrency)CFDs (Gold & Silver)XAG/USD (Silver)

Forex Technical Analysis : XAGUSD 17 November 2021

Forex Technical Analysis : XAGUSD (Silver)

Date : 17 November 2021

Pivot point : 25.09

Our preference : short positions below 25.09 with targets at 24.75 & 24.50 in extension.

Alternative scenario : above 25.09 look for further upside with 25.25 & 25.40 as targets.

Comment : as long as the resistance at 25.09 is not surpassed, the risk of the break below 24.75 remains high.

Supports and resistances :

25.40 **
25.25 *
25.09
24.94 – Last price
24.75
24.50 *
24.30 **

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

Source : Trading Central

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