Technical Analysis (Silver) : XAG/USD 18 January 2021

Forex Technical Analysis : XAGUSD (Silver)

Date : 18 January 2021

Pivot point : 24.5600

Our preference : long positions above 24.5600 with targets at 25.5000 & 25.8400 in extension.

Alternative scenario : below 24.5600 look for further downside with 24.2000 & 24.0100 as targets.

Comment : the RSI is bullish and calls for further advance.

Supports and resistances :

26.3400 **
25.8400 *
25.5000
25.0349 – Last price
24.5600
24.2000 *
24.0100 **

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

Source : Trading Central

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