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

Forex Technical Analysis : XAGUSD (Silver)

Date : 22 March 2021

Pivot point : 25.9000

Our preference : short positions below 25.9000 with targets at 25.3600 & 25.2000 in extension.

Alternative scenario : above 25.9000 look for further upside with 26.0500 & 26.2500 as targets.

Comment : the immediate trend remains down and the momentum is strong.

Supports and resistances :

26.2500 **
26.0500 *
25.9000
25.5914 – Last price
25.3600
25.2000 *
25.0000 **

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

Source : Trading Central

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