Technical Analysis (Silver) : XAG/USD 20 January 2022

Forex Technical Analysis : XAGUSD (Silver)

Date : 20 January 2022

Pivot point : 23.85

Our preference : long positions above 23.85 with targets at 24.35 & 24.55 in extension.

Alternative scenario : below 23.85 look for further downside with 23.60 & 23.38 as targets.

Comment : even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances :

24.75 **
24.55 *
24.35
24.11 – Last price
23.85
23.60 *
23.38 **

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

Source : Trading Central

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