Technical Analysis (Silver) : XAG/USD 8 October 2021

8 October 2021 Analysis (Forex, CFDs, Cryptocurrency)CFDs (Gold & Silver)XAG/USD (Silver)

Forex Technical Analysis : XAGUSD 8 October 2021

Forex Technical Analysis : XAGUSD (Silver)

Date : 8 October 2021

Pivot point : 22.36

Our preference : long positions above 22.36 with targets at 22.64 & 22.80 in extension.

Alternative scenario : below 22.36 look for further downside with 22.19 & 22.00 as targets.

Comment : a support base at 22.36 has formed and has allowed for a temporary stabilisation.

Supports and resistances :

23.00 **
22.80 *
22.64
22.44 – Last price
22.36
22.19 *
22.00 **

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

Source : Trading Central

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