Silver spot MT: bullish bias above 21.8000.

XAGUSD

Trading Central 2021-01-14 13:49:05

Pivot: 21.8000

Our preference: long positions above 21.8000 with targets at 30.0000 & 33.0000 in extension.

Alternative scenario: below 21.8000 look for further downside with 18.7000 & 16.7000 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances:

35.6000 **

33.0000 **

30.0000 ***

25.2688 Last

21.8000 ***

18.7000 ***

16.7000 **

Disclaimer

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