XAGUSD Forex Analysis for Today, Wednesday (12-06-2024)
XAGUSD Still Has SELL Potential, Still Held by Resistance
XAGUSD Analysis
Market Awaits Inflation Data and Fed Announcement
Silver prices remain stable as the market awaits the release of inflation data ahead of the Fed’s interest rate announcement. Inflation data will serve as a reference for the Fed in determining future monetary policy.
Sell in the Resistance Area
Prices are still moving in the downward trendline area visible on the H1 time frame. Sell opportunities can be sought in the resistance area.
Forecast: WEAK XAGUSD
Resistance Levels
- R1 30.987
- R2 30.177
- R3 31.376
- R4 31.757
Support Levels
- S1 29.389
- S2 30.177
- S3 29.055
- S4 28.640
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