Technical Analysis (Silver) : XAG/USD 19 February 2021

Forex Technical Analysis : XAGUSD (Silver)

Date : 19 February 2021

Pivot point : 27.0500

Our preference : short positions below 27.0500 with targets at 26.1000 & 25.8000 in extension.

Alternative scenario : above 27.0500 look for further upside with 27.3300 & 27.5100 as targets.

Comment : as long as the resistance at 27.0500 is not surpassed, the risk of the break below 26.1000 remains high.

Supports and resistances :

27.5100 **
27.3300 *
27.0500
26.6710 – Last price
26.1000
25.8000 *
25.5000 **

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

Source : Trading Central

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