XAGUSD Forex Analysis for Today, Monday (19-08-2024)
POTENTIAL BUY for XAGUSD: Break of Structure Observed Again
XAGUSD Analysis
Fed Expectations Lift Silver
The price of silver has risen as market expectations for a rate cut by the Fed next month increase.
Break of Structure Observed
A Break of Structure (BoS) is visible again on the H1 time frame. A buy opportunity may arise if there is a pullback to the BoS area.
Forecast: STRONG XAGUSD
Resistance Levels:
- R1: 27.890
- R2: 29.116
- R3: 29.696
- R4: 30.302
Support Levels:
- S1: 27.500
- S2: 28.000
- S3: 28.500
- S4: 29.000
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