XAGUSD Forex Analysis for Today, Thursday (20-06-2024)

XAGUSD Forex Analysis for Today, Thursday (20-06-2024)

XAGUSD Forex Analysis for Today, Thursday (20-06-2024)

Potential SELL XAGUSD, Held by Trendline and Resistance

XAGUSD Analysis

US Jobless Claims in Focus

Today’s US jobless claims data is the market’s main focus. The data is expected to improve from 242K to 235K.

Sell in Trendline Area

Prices are moving below the descending trendline seen on the H4 time frame, also held in the resistance area. Selling opportunities can be taken if there is a confirmed bearish signal in the trendline or resistance area.

Prediction: WEAK XAGUSD

Resistance Levels

  • R1 32.000
  • R2 31.000
  • R3 30.450
  • R4 30.000

Support Levels

  • S1 29.742
  • S2 30.450
  • S3 29.230
  • S4 28.670

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