Technical Analysis (Silver) : XAG/USD 23 December 2020

Forex Technical Analysis : XAGUSD (Silver)

Date : 23 December 2020

Pivot point : 25.7500

Our preference : Short positions below 25.7500 with targets at 24.9200 & 24.6700 in extension.

Alternative scenario : Above 25.7500 look for further upside with 26.0800 & 26.5000 as targets.

Comment : The RSI is mixed with a bearish bias.

Supports and resistances :

26.5000 **
26.0800 *
25.7500
25.3215 – Last price
24.9200
24.6700 *
24.4400 **

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

Source : Trading Central

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