5 January 2021 Analysis (Forex, CFDs, Cryptocurrency)CFDs (Gold & Silver)XAG/USD (Silver)
Date : 5 January 2021
Pivot point : 26.9600
Our preference : Long positions above 26.9600 with targets at 27.5700 & 27.8000 in extension.
Alternative scenario : Below 26.9600 look for further downside with 26.7300 & 26.5600 as targets.
Comment : Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances :
28.1000 **
27.8000 *
27.5700
27.2210 – Last price
26.9600
26.7300 *
26.5600 **
Warning : This information isn’t a buy-sell signal. Please use this information for the trade guideline.
Source : Trading Central
If you open a live account with a broker that support Trading Central, you’ll get all technical analysis.