Technical Analysis (Silver) : XAG/USD 21 January 2021

21 January 2021 Analysis (Forex, CFDs, Cryptocurrency)CFDs (Gold & Silver)XAG/USD (Silver)

Forex Technical Analysis : XAGUSD 21 January 2021

Forex Technical Analysis : XAGUSD (Silver)

Date : 21 January 2021

Pivot point : 27.5000

Our preference : short positions below 27.5000 with targets at 24.0000 & 22.5500 in extension.

Alternative scenario : above 27.5000 look for further upside with 28.9000 & 30.0000 as targets.

Comment : as long as the resistance at 27.5000 is not surpassed, the risk of the break below 24.0000 remains high.

Supports and resistances :

30.0000 **
28.9000 *
27.5000
25.9760 – Last price
24.0000
22.5500 *
21.8000 **

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

Source : Trading Central

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