XAGUSD Forex Analysis for Today, Monday(27-05-2024)

XAGUSD Forex Analysis for Today, Monday(27-05-2024)

XAGUSD Forex Analysis for Today, Monday(27-05-2024)


XAGUSD Still Under Pressure, Monitor Resistance to Find SELL Opportunities

XAGUSD Analysis

Dollar Strength Continues to Pressure Silver

The USD strengthened after data showed an increase in US business activity. The strengthening USD is putting pressure on precious metals, including silver.

Look for Sell Opportunities at Resistance Area

Silver prices remain under pressure. Confirmation of sell signals can be sought if there is a pullback to the resistance area.


Resistance Levels:

  • R1 31.479
  • R2 30.732
  • R3 31.796
  • R4 32.108

Support Levels:

  • S1 30.732
  • S2 31.479
  • S3 30.394
  • S4 29.858

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