XAGUSD Forex Analysis for Today, Thursday (13-06-2024)
Potential SELL: XAGUSD Still in Downtrend
XAGUSD Analysis
Fed Expected to Only Cut Rates Once
The silver price strength is held back after the Fed stated that they are likely to cut interest rates only once this year.
Sell If Support Breaks
Prices are still moving within the downtrend as seen on the H1 time frame. Selling opportunities can be taken if there is a breakthrough below the support area.
Prediction: WEAK XAGUSD
Resistance Levels
- R1 30.885
- R2 28.803
- R3 31.371
- R4 32.212
Support Levels
- S1 28.803
- S2 30.885
- S3 28.085
- S4 27.383
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