XAGUSD Forex Analysis for Today – Tuesday (14-05-2024)

XAGUSD Forex Analysis for Today – Tuesday (14-05-2024)

XAGUSD Forex Analysis for Today – Tuesday (14-05-2024)


XAGUSD Still Testing Trendline, Get Ready to Look for BUY!

XAGUSD Analysis

Optimism from China Data Still Supports Silver

Silver prices are lifted by improving demand and expectations of actual demand growth from China.

Correction to the Support and Trendline Area

A correction is occurring near the support area and trendline on the H1 time frame. Buying opportunities can be sought in the trendline and support area.


Resistance Levels

  • R1 28.183
  • R2 27.841
  • R3 28.308
  • R4 28.456

Support Levels

  • S1 27.841
  • S2 28.183
  • S3 27.697
  • S4 27.525

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