Technical Analysis (Silver) : XAG/USD 22 December 2020

22 December 2020 Analysis (Forex, CFDs, Cryptocurrency)CFDs (Gold & Silver)XAG/USD (Silver)

Forex Technical Analysis : XAGUSD 22 December 2020

Forex Technical Analysis : XAGUSD (Silver)

Date : 22 December 2020

Pivot point : 26.5800

Our preference : Short positions below 26.5800 with targets at 25.3500 & 24.9200 in extension.

Alternative scenario : Above 26.5800 look for further upside with 26.9000 & 27.3000 as targets.

Comment : The RSI is bearish and calls for further downside.

Supports and resistances :

27.3000 **
26.9000 *
26.5800
26.0140 – Last price
25.3500
24.9200 *
24.6700 **

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

Source : Trading Central

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