Technical Analysis (Silver) : XAG/USD 7 July 2021

7 July 2021 Analysis (Forex, CFDs, Cryptocurrency)CFDs (Gold & Silver)XAG/USD (Silver)

Forex Technical Analysis : XAGUSD 7 July 2021

Forex Technical Analysis : XAGUSD (Silver)

Date : 7 July 2021

Pivot point : 26.3000

Our preference : short positions below 26.3000 with targets at 25.9500 & 25.7800 in extension.

Alternative scenario : above 26.3000 look for further upside with 26.5200 & 26.7700 as targets.

Comment : as long as the resistance at 26.3000 is not surpassed, the risk of the break below 25.9500 remains high.

Supports and resistances :

26.7700 **
26.5200 *
26.3000
26.1510 – Last price
25.9500
25.7800 *
25.6800 **

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

Source : Trading Central

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