Silver (XAG/USD) Forex Analysis for Today
Prepare to Sell XAG/USD: Restrained Below Trendline Resistance
Daily Analysis XAG/USD
Stalled Resistance Below the Descending Trendline
Prices are restrained by resistance beneath the descending trendline visible on the H1 time frame. The trend is still descending, and we can continue to seek confirmation of a selling signal in that resistance area.
Prediction: WEAK SILVER
Resistance
- R1 22.804
- R2 22.415
- R3 22.971
- R4 23.172
Support
- S1 22.415
- S2 22.804
- S3 22.288
- S4 21.993
Disclaimer: This publication of analysis is a form of marketing communication and does not represent any research or investment advice whatsoever. The content contained therein reflects the general views of our experts and is not related to the personal conditions, investment experiences, or financial situations of the readers. This analysis is also not intended to promote any independent investment body, and Exness is not obliged to prohibit any transactions before the release of the analysis. Readers should be cautious about the potential for losses that may occur. XM broker south africa is not responsible for any losses that may arise from the use of this analysis.