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
Resistance
- R1 31.000
- R2 30.000
- R3 29.791
- R4 28.894
Support
- S1 29.791
- S2 28.000
- S3 27.526
- S4 27.080

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