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

Forex Technical Analysis : XAGUSD (Silver)

Date : 4 June 2021

Pivot point : 27.6600

Our preference : short positions below 27.6600 with targets at 27.0100 & 26.8000 in extension.

Alternative scenario : above 27.6600 look for further upside with 27.9600 & 28.2300 as targets.

Comment : the RSI calls for a new downleg.

Supports and resistances :

28.2300 **
27.9600 *
27.6600
27.8767 – Last price
27.0100
26.8000 *
26.6000 **

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

Source : Trading Central

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