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

5 March 2021 Analysis (Forex, CFDs, Cryptocurrency)CFDs (Gold & Silver)XAG/USD (Silver)

Forex Technical Analysis : XAGUSD 5 March 2021

Forex Technical Analysis : XAGUSD (Silver)

Date : 5 March 2021

Pivot point : 25.7400

Our preference : short positions below 25.7400 with targets at 24.6700 & 24.2000 in extension.

Alternative scenario : above 25.7400 look for further upside with 26.2000 & 26.4800 as targets.

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

Supports and resistances :

26.4800 **
26.2000 *
25.7400
25.2250 – Last price
24.6700
24.2000 *
23.8000 **

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

Source : Trading Central

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