Look for Sell in Resistance Area, XAGUSD Still Held at Resistance
Analysis of XAGUSD
Market Awaits US Core PCE Price Index
The market is still awaiting the release of the US Core PCE Price Index data this week to gauge US inflation conditions, which could provide clues regarding the Fed’s future interest rate policy.
Look for Sell in Resistance Area
The technical high shows a decline on the H1 time frame. Silver prices are still held at the resistance area. Confirmation of a sell signal can be sought in this resistance area.
Forecast: WEAK XAGUSD
Resistance Levels:
- R1: 31.904
- R2: 31.428
- R3: 32.244
- R4: 32.493
Support Levels:
- S1: 31.606
- S2: 31.998
- S3: 31.428
- S4: 31.171
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