XAGUSD Forex Analysis for Today, Friday (17-05-2024)

XAGUSD Forex Analysis for Today, Friday (17-05-2024)

XAGUSD Forex Analysis for Today, Friday (17-05-2024)

XAGUSD Held at Resistance, Monitor for BUY If Resistance Breaks!

XAGUSD Analysis

Silver Awaits Further Momentum

Silver prices have paused despite USD strengthening and a correction in gold prices.

Monitor Resistance Area

Prices are still held at the resistance area in the H1 time frame. A breakout above the resistance will increase buy opportunities.

Prediction: STRONG XAGUSD

Resistance

  • R1 29.956
  • R2 29.249
  • R3 30.249
  • R4 30.633

Support

  • S1 29.249
  • S2 29.956
  • S3 29.023
  • S4 28.763
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