XAGUSD Forex Analysis for Today, Wednesday (12-06-2024)

XAGUSD Forex Analysis for Today, Wednesday (12-06-2024)

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.


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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