XAGUSD Forex Analysis for Today, Monday(01-04-2024)
Potential Buying Opportunity in XAGUSD Today, Channel Broken!
Daily Analysis XAGUSD
Potential Silver Price Increase
The global supply shortage coupled with increasing demand will trigger a rise in silver prices. This upward trend may cause silver prices to double by the end of 2024, supported by increased interest as gold prices surge.
Channel Line Broken
The price has broken the channel line and confirmed a change to an uptrend on the H1 time frame. Look for buying opportunities by utilizing corrections.
Prediction: STRONG XAGUSD
Resistance
- R1 24.952
- R2 24.590
- R3 25.067
- R4 25.207
Support
- S1 24.590
- S2 24.852
- S3 24.457
- S4 24.317
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