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

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

Forex Technical Analysis : XAGUSD 7 May 2021

Forex Technical Analysis : XAGUSD (Silver)

Date : 7 May 2021

Pivot point : 27.0200

Our preference : long positions above 27.0200 with targets at 27.8500 & 28.0300 in extension.

Alternative scenario : below 27.0200 look for further downside with 26.8200 & 26.5700 as targets.

Comment : the RSI is bullish and calls for further upside.

Supports and resistances :

28.2100 **
28.0300 *
27.8500
27.4209 – Last price
27.0200
26.8200 *
26.5700 **

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

Source : Trading Central

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