XAGUSD Forex Analysis for Today, Monday(27-05-2024)
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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.
Forecast: WEAK XAGUSD
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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