Technical Analysis (Silver) : XAG/USD 24 January 2022

24 January 2022 Analysis (Forex, CFDs, Cryptocurrency)CFDs (Gold & Silver)XAG/USD (Silver)

Forex Technical Analysis : XAGUSD 24 January 2022

Forex Technical Analysis : XAGUSD (Silver)

Date : 24 January 2022

Pivot point : 24.40

Our preference : short positions below 24.40 with targets at 24.05 & 23.85 in extension.

Alternative scenario : above 24.40 look for further upside with 24.58 & 24.70 as targets.

Comment : as long as 24.40 is resistance, look for choppy price action with a bearish bias.

Supports and resistances :

24.70 **
24.58 *
24.40
24.20 – Last price
24.05
23.85 *
23.65 **

Warning : This information isn’t a buy-sell signal.

Source : Trading Central

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