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

Forex Technical Analysis : XAGUSD (Silver)

Date : 4 January 2021

Pivot point : 26.7400

Our preference : Long positions above 26.7400 with targets at 27.3000 & 27.4500 in extension.

Alternative scenario : Below 26.7400 look for further downside with 26.5000 & 26.3300 as targets.

Comment : The RSI advocates for further upside.

Supports and resistances :

27.6500 **
27.4500 *
27.3000
27.0700 – Last price
26.5000
26.3300 *
26.2000 **

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

Source : Trading Central

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