XAGUSD Forex Analysis for Today, Tuesday (11-06-2024)

XAGUSD Forex Analysis for Today, Tuesday (11-06-2024)

XAGUSD Forex Analysis for Today, Tuesday (11-06-2024)

Check SELL Opportunities for XAGUSD: Moving in Trendline Area

XAGUSD Analysis

Silver Steady, Market Awaits Inflation Data

Silver prices are steady as the market awaits inflation data ahead of the Fed’s interest rate announcement. Inflation data will be a key reference for the Fed in setting future monetary policy.

Sell in Trendline and Resistance Area

Prices are still moving in the descending trendline area visible on the H1 time frame. Sell opportunities can be sought in the trendline area and the resistance area close to it.


Resistance Levels

  • R1 30.987
  • R2 30.177
  • R3 31.376
  • R4 31.757

Support Levels

  • S1 29.389
  • S2 30.177
  • S3 29.055
  • S4 28.640

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