XAGUSD Forex Analysis for Today, Wednesday (14-08-2024)
BUY Opportunity in XAGUSD: Testing the BoS Area
XAGUSD Analysis
Silver Steady Amid Geopolitical Tensions
Silver prices remain relatively steady amidst ongoing geopolitical tensions in the Middle East. However, sluggishness in the industrial sector continues to limit silver’s upward movement.
Testing Support/BoS
The price has corrected to a support area, which also represents a break of structure (BoS) zone. A buying opportunity may be found in this area.
Forecast: STRONG XAGUSD
Resistance Levels:
- R1: 27.178
- R2: 27.997
- R3: 28.424
- R4: 28.842
Support Levels:
- S1: 26.500
- S2: 27.000
- S3: 27.500
- S4: 28.000
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