XAGUSD Still Has SELL Potential, Stalled at Resistance Again
XAGUSD Analysis
Awaiting ADP Non-farm Payrolls
Today’s market focus is on the ADP non-farm payrolls data and ISM non-manufacturing PMI. Both of these reports will serve as references to solidify expectations for tomorrow’s US non-farm payrolls data.
Stuck at Resistance Again
Silver prices are once again held at the resistance zone on the M30 time frame. Sell signal confirmation can be sought in this resistance area, which also marks a Break of Structure (BoS).
Prediction: WEAK XAGUSD
Resistance Levels
- R1 29.000
- R2 28.800
- R3 28.600
- R4 28.400
Support Levels
- S1 28.706
- S2 27.680
- S3 27.230
- S4 26.792
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