Technical Analysis (Silver) : XAG/USD 19 January 2022

Forex Technical Analysis : XAGUSD (Silver)

Date : 19 January 2022

Pivot point : 23.25

Our preference : long positions above 23.25 with targets at 23.70 & 23.85 in extension.

Alternative scenario : below 23.25 look for further downside with 23.10 & 22.90 as targets.

Comment : the RSI has just landed on its neutrality area at 50% and is turning up.

Supports and resistances :

24.00 **
23.85 *
23.70
23.45 – Last price
23.25
23.10 *
22.90 **

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

Source : Trading Central

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