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

Forex Technical Analysis : XAGUSD (Silver)

Date : 22 January 2021

Pivot point : 25.8400

Our preference : short positions below 25.8400 with targets at 25.2400 & 25.0100 in extension.

Alternative scenario : above 25.8400 look for further upside with 26.0400 & 26.2000 as targets.

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

Supports and resistances :

26.2000 **
26.0400 *
25.8400
25.5050 – Last price
25.2400
25.0100 *
24.7200 **

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

Source : Trading Central

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