XAGUSD Forex Analysis for Today, Tuesday (02-07-2024)

XAGUSD Forex Analysis for Today, Tuesday (02-07-2024)

XAGUSD Forex Analysis for Today, Tuesday (02-07-2024)

XAGUSD Approaches Resistance Area, Still Possible to Look for Sell Opportunities

Analysis XAGUSD

Market Awaits US Employment Data

The strengthening of silver prices has diminished as the market’s focus shifts to US employment data this week. Employment data will provide further clues regarding the Federal Reserve’s plans for interest rate cuts.

Monitor Resistance Area

Prices are approaching the resistance area visible on the H1 time frame. Selling opportunities can be considered in this resistance area.

Prediction: Weak XAGUSD


  • R1 29.896
  • R2 29.800
  • R3 29.646
  • R4 29.000


  • S1 29.896
  • S2 29.440
  • S3 29.143
  • S4 28.840

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