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

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

Forex Technical Analysis : XAGUSD 21 May 2021

Forex Technical Analysis : XAGUSD (Silver)

Date : 21 May 2021

Pivot point : 27.5000

Our preference : long positions above 27.5000 with targets at 28.0000 & 28.2300 in extension.

Alternative scenario : below 27.5000 look for further downside with 27.3400 & 27.1000 as targets.

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

Supports and resistances :

28.4500 **
28.2300 *
28.0000
27.6880 – Last price
27.5000
27.3400 *
27.1000 **

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

Source : Trading Central

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