XAGUSD Forex Analysis for Today, Tuesday (18-06-2024)

XAGUSD Forex Analysis for Today, Tuesday (18-06-2024)

XAGUSD Forex Analysis for Today, Tuesday (18-06-2024)

Selling Opportunity for XAGUSD: Price Held at Resistance, Target the Pull Back!

XAGUSD Analysis

USD Remains Strong

The US Dollar (USD) remains strong against major currencies, with the US Dollar Index maintaining a moderate rise. The absence of high-impact macroeconomic data releases will continue to put downward pressure on Silver prices.

Held at Resistance, Still in Consolidation Area

Prices are held at resistance and remain in the consolidation area on the H1 time frame. Selling opportunities are available targeting a pullback as long as prices do not break the nearest resistance area.

Prediction: WEAK XAGUSD

Resistance Levels

  • R1 30.307
  • R2 29.955
  • R3 30.452
  • R4 30.626

Support Levels

  • S1 29.536
  • S2 30.307
  • S3 29.288
  • S4 29.007

Disclaimer: This publication of analysis is a form of marketing communication and does not represent any research or investment advice whatsoever. The content contained therein reflects the general views of our experts and is not related to the personal conditions, investment experiences, or financial situations of the readers. This analysis is also not intended to promote any independent investment body, and Exness is not obliged to prohibit any transactions before the release of the analysis. Readers should be cautious about the potential for losses that may occur. XM broker south africa is not responsible for any losses that may arise from the use of this analysis.

 forex analysis | gbpjpy forecast | eur chf forecast | gbp usd forecast | best forex prediction site | top down analysis forex | gbp usd forecast | xau usd forecast

Leave a Reply

Your email address will not be published. Required fields are marked *