XAGUSD Forex Analysis for Today, Wednesday (10-01-2024)

XAGUSD Forex Analysis for Today, Wednesday (10-01-2024)

XAGUSD Forex Analysis for Today, Wednesday (10-01-2024)


Prepare to SELL SILVER! Triangle Potential!

Daily Analysis of XAGUSD

Inflation Data Also Influencing Precious Metals Direction

Following the cautious stance of the Fed in the last December FOMC meeting, inflation data will remain a focus in determining the interest rate direction. Dovish sentiments are beginning to ease with a decline in rate cut expectations in the first quarter.

Potential Symmetrical Triangle Pattern

There’s a potential symmetrical triangle pattern on the H4 time frame. A breakthrough of the lower line will confirm this pattern.

Conclusion: WEAK SILVER


  • R1 23.600
  • R2 23.800
  • R3 24.000
  • R4 24.200


  • S1 22.800
  • S2 23.400
  • S3 22.600
  • S4 22.200

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