XAGUSD Forex Analysis for Today, Tuesday(21-05-2024)

XAGUSD Forex Analysis for Today, Tuesday(21-05-2024)

XAGUSD Forex Analysis for Today, Tuesday(21-05-2024)


Check Opportunity to BUY XAGUSD, Monitor Support Area

XAGUSD Analysis

Silver Breaks 11-Year High

Stimulus launched by China, one of the world’s largest consumers of precious metals including silver, along with expectations of Fed rate cuts and geopolitical conditions in the Middle East, has driven silver prices to their highest level in 11 years.

Monitor Support Area

Prices are still moving in an uptrend. Monitor the support levels for confirmation of buy signals.


Resistance Levels:

  • R1 31.455
  • R2 30.756
  • R3 31.764
  • R4 32.071

Support Levels:

  • S1 30.756
  • S2 31.455
  • S3 30.247
  • S4 29.875

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Your email address will not be published.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 *