Silver Intraday: the downside prevails.
Silver (XAG/USD)
-1.365-1.17%
short positions below 115.80 with targets at 109.30 & 104.90 in extension.
Pivot: 115.80
Our preference: short positions below 115.80 with targets at 109.30 & 104.90 in extension.
Alternative scenario: above 115.80 look for further upside with 118.50 & 121.60 as targets.
Comment: the RSI is below its neutrality area at 50%
Supports and resistances:
121.60
118.50
115.80
112.99 Last
109.30
104.90
102.20
Our preference: short positions below 115.80 with targets at 109.30 & 104.90 in extension.
Alternative scenario: above 115.80 look for further upside with 118.50 & 121.60 as targets.
Comment: the RSI is below its neutrality area at 50%
Supports and resistances:
121.60
118.50
115.80
112.99 Last
109.30
104.90
102.20
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