Technical Analysis (Silver) : XAG/USD 4 February 2021

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

Forex Technical Analysis : XAGUSD 4 February 2021

Forex Technical Analysis : XAGUSD (Silver)

Date : 4 February 2021

Pivot point : 27.1500

Our preference : short positions below 27.1500 with targets at 26.2600 & 25.7000 in extension.

Alternative scenario : above 27.1500 look for further upside with 27.8300 & 28.1000 as targets.

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

Supports and resistances :

28.1000 **
27.8300 *
27.1500
26.5125 – Last price
26.2600
25.7000 *
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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