XAGUSD Forex Analysis for Today, Thursday(01-02-2024)

XAGUSD Forex Analysis for Today, Thursday(01-02-2024)

XAGUSD Forex Analysis for Today, Thursday(01-02-2024)

Opportunity to SELL XAGUSD: Potential Broadening Pattern

Daily XAGUSD Analysis

Stalled at Resistance, Potential Broadening Pattern Detected

The price of silver is held at the resistance area and there is a potential broadening pattern observed on the H1 time frame. Look for confirmation signals to sell at the resistance area.

Prediction: WEAK SILVER

Resistance

  • R1 23.107
  • R2 22.931
  • R3 23.196
  • R4 23.300

Support

  • S1 22.931
  • S2 23.107
  • S3 22.865
  • S4 22.782
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