XAGUSD Forex Analysis for Today, Thursday (27-06-2024)

XAGUSD Forex Analysis for Today, Thursday (27-06-2024)

XAGUSD Forex Analysis for Today, Thursday (27-06-2024)

XAGUSD Trading Below Trendline, Look for SELL Opportunities

XAGUSD Analysis

Strengthening USD Pressures Silver

Silver prices are under pressure from a stronger USD and rising US bond yields, while the market focuses on today’s GDP data and tomorrow’s US inflation data.

Trading Below Trendline

Prices are still trading below the descending trendline visible on the H1 time frame. SELL opportunities can be considered in the descending trendline area.

Prediction: WEAK XAGUSD


  • R1 31.000
  • R2 30.000
  • R3 29.791
  • R4 28.894


  • S1 29.791
  • S2 28.000
  • S3 27.526
  • S4 27.080

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