Technical Analysis (Silver) : XAG/USD 3 February 2021

3 February 2021 Analysis (Forex, CFDs, Cryptocurrency)CFDs (Gold & Silver)XAG/USD (Silver)

Forex Technical Analysis : XAGUSD 3 February 2021

Forex Technical Analysis : XAGUSD (Silver)

Date : 3 February 2021

Pivot point : 27.4500

Our preference : short positions below 27.4500 with targets at 26.2400 & 25.6200 in extension.

Alternative scenario : above 27.4500 look for further upside with 27.9200 & 28.6000 as targets.

Comment : as long as 27.4500 is resistance, look for choppy price action with a bearish bias.

Supports and resistances :

28.6000 **
27.9200 *
27.4500
26.8208 – Last price
26.2400
25.6200 *
25.1700 **

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

Source : Trading Central

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