Technical Analysis (Silver) : XAG/USD 20 January 2021

Forex Technical Analysis : XAGUSD (Silver)

Date : 20 January 2021

Pivot point : 25.0700

Our preference : long positions above 25.0700 with targets at 25.7200 & 25.8800 in extension.

Alternative scenario : below 25.0700 look for further downside with 24.8600 & 24.7200 as targets.

Comment : the RSI is mixed with a bullish bias.

Supports and resistances :

26.1000 **
25.8800 *
25.7200
25.4208 – Last price
25.0700
24.8600 *
24.7200 **

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

Source : Trading Central

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