Technical Analysis (Silver) : XAG/USD 2 February 2021

2 February 2021 Analysis (Forex, CFDs, Cryptocurrency)CFDs (Gold & Silver)XAG/USD (Silver)

Forex Technical Analysis : XAGUSD 2 February 2021

Forex Technical Analysis : XAGUSD (Silver)

Date : 2 February 2021

Pivot point : 28.7500

Our preference : short positions below 28.7500 with targets at 27.3600 & 26.6400 in extension.

Alternative scenario : above 28.7500 look for further upside with 29.4500 & 30.0900 as targets.

Comment : the RSI is bearish and calls for further decline.

Supports and resistances :

30.0900 **
29.4500 *
28.7500
28.0550 – Last price
27.3600
26.6400 *
26.0200 **

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

Source : Trading Central

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