Technical Analysis (Silver) : XAG/USD 22 February 2021

Forex Technical Analysis : XAGUSD (Silver)

Date : 22 February 2021

Pivot point : 27.1100

Our preference : long positions above 27.1100 with targets at 27.9500 & 28.1700 in extension.

Alternative scenario : below 27.1100 look for further downside with 26.9200 & 26.5500 as targets.

Comment : the RSI shows upside momentum.

Supports and resistances :

28.3400 **
28.1700 *
27.9500
27.6158 – Last price
27.1100
26.9200 *
26.5500 **

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

Source : Trading Central

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