Silver spot ST: consolidation in place.

XAGUSD

Trading Central 2021-01-13 12:11:05

Pivot: 27.5000

Our preference: short positions below 27.5000 with targets at 23.5000 & 21.8000 in extension.

Alternative scenario: above 27.5000 look for further upside with 28.9000 & 30.0000 as targets.

Comment: as long as 27.5000 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

30.0000 **

28.9000 ***

27.5000 ***

25.5555 Last

23.5000 ***

21.8000 ***

19.8000 ***

Disclaimer

The trading strategy containing reference trading prices and analysis opinions is provided by the third-party provider Trading Central.And the trading strategy is only the personal research and judgment by analysts,which is not a statement of facts.No representation or warranty is given as to the accuracy or completeness of this strategy. Consequently any person acting on it does so entirely at their own risk. TOP1 accepts no responsibility for any use that may be made of these comments and for any consequences that result.