Silver spot Intraday: supported by a rising trend

Silver spot Intraday: supported by a rising trend line.

XAGUSD

Trading Central 2021-01-13 18:24:05

Pivot: 25.1500

Our preference: long positions above 25.1500 with targets at 25.9700 & 26.3000 in extension.

Alternative scenario: below 25.1500 look for further downside with 24.8500 & 24.5300 as targets.

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

Supports and resistances:

26.7000

26.3000

25.9700

25.4218 Last

25.1500

24.8500

24.5300

Disclaimer

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