Technical Analysis (Silver) : XAG/USD 8 February 2022

8 February 2022 Analysis (Forex, CFDs, Cryptocurrency)CFDs (Gold & Silver)XAG/USD (Silver)

Forex Technical Analysis : XAGUSD 8 February 2022

Forex Technical Analysis : XAGUSD (Silver)

Date : 8 February 2022

Pivot point : 22.97

Our preference : short positions below 22.97 with targets at 22.65 & 22.50 in extension.

Alternative scenario : above 22.97 look for further upside with 23.10 & 23.20 as targets.

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

Supports and resistances :

23.20 **
23.10 *
22.97
22.78 – Last price
22.65
22.50 *
22.35 **

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

Source : Trading Central

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