XAGUSD Forex Analysis for Today, Thursday(23-05-2024)
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XAGUSD Breaks Support! Look for SELL Opportunities!
XAGUSD Analysis
Market Doubts Fed Will Cut Rates
Market expectations for a Fed rate cut this year are fading as Fed officials indicate that a rate cut will take longer than anticipated.
Support Breaks
Support has broken and now turns into a resistance area. Confirmation of sell signals can be sought in this resistance area.
Forecast: WEAK XAGUSD
Resistance Levels:
- R1 32.527
- R2 30.932
- R3 33.313
- R4 34.062
Support Levels:
- S1 30.932
- S2 32.527
- S3 30.383
- S4 29.851
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