XAGUSD Forex Analysis for Today, Thursday (13-06-2024)

XAGUSD Forex Analysis for Today, Thursday (13-06-2024)

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

Disclaimer: This publication of analysis is a form of marketing communication and does not represent any research or investment advice whatsoever. The content contained therein reflects the general views of our experts and is not related to the personal conditions, investment experiences, or financial situations of the readers. This analysis is also not intended to promote any independent investment body, and Exness is not obliged to prohibit any transactions before the release of the analysis. Readers should be cautious about the potential for losses that may occur. XM broker south africa is not responsible for any losses that may arise from the use of this analysis.

 forex analysis | gbpjpy forecast | eur chf forecast | gbp usd forecast | best forex prediction site | top down analysis forex | gbp usd forecast | xau usd forecast

Leave a Reply

Your email address will not be published. Required fields are marked *