Technical Analysis (Silver) : XAG/USD 5 January 2021

Forex Technical Analysis : XAGUSD (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

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