XAGUSD Forex Analysis for Today, Wednesday (26-06-2024)
XAGUSD Still Has SELL Potential Today, Breaks Support
XAGUSD Analysis
US Consumer Sentiment Better Than Expected
Silver prices came under pressure after CB Consumer Confidence data was released better than expected. The market’s focus now shifts to US housing data today and US inflation data to be released later this week.
Still Has Sell Opportunities
Prices broke below the rising support seen on the H1 time frame after moving sideways in a consolidation phase. Sell opportunities can be sought if a pullback occurs to the support area that has now become resistance.
Prediction: WEAK XAGUSD
Resistance
- R1 30.500
- R2 30.000
- R3 29.791
- R4 29.500
Support
- S1 29.791
- S2 28.874
- S3 28.500
- S4 28.132
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