SILVER/XAGUSD Analysis January 2021

ANALYSIS 29-Jan-2021

CMP: 26.381; RES: 28.28/29.85

Based on Daily chart, as long as the above resistances hold,

we can see 

1. 23.168-22.875-22.377

2. 20.836-20.285-9.72

3. 18.585-17.786-16.967.

Reversal 1st target 29.844

ANALYSIS 26-Jan-2021

CMP: 25.322; RES: 26.05/27.91/29.89

Below 24.13, we can see 22.85, 19.72, 17.8

Analysis 22-Jan-2021

CMP: 25.49; Res: 26.05/27.91
Downisde targets: 24.67, 23.83, 22.49.

ANALYSIS 18-Jan-2021 

CMP: 24.986; RES: 27.913; SUP: 24.13
If 24.13 supports we can see 25.03, 25.58, 26.02, 26.47, 26.80...

WEEKEND Analysis 16-Jan-2021

CMP: 24.756; RES: 27.914; 29.844; SUP: 24.326/21.65
SMALL RES: 25.883
As long as the above resistances hold, we can see 22.85, 22.12, 21.65, 20.757, 19.72, 18.585, 17.786.

ANALYSIS 08-Jan-2021

CMP: 27.02; Res: 27.35/27.89; Sup: 26.89

Break of 26.89, we can see 26.55, 26.23, 26.03, 25.71 

 

ANALYSIS 5-Jan-2021

CMP: 27.32;Res: 29.85; Sup: 21.61
Silver is trading in a range between 21.6-29.85.

As long it is in this range, we can see more complex correction.
Upside target zone for this up move is 27.27-27.91. Silver is already trading in the target zone.

Any break of 26.21, we can see more fall.

There are two scenarios I am watching as of now.
1. Triangle and takes support of 21.61 n big rise.
2. If break of 21.61, we can see 19.7/17.