XAGUSD Forex Analysis for Today, Wednesday(10-07-2024)
Still Can Look for BUY XAGUSD: Correction to Trendline Again
XAGUSD Analysis
Market Awaits US Inflation Data
Silver prices have been relatively stable, generally still on an uptrend. This week, the market will focus on the US inflation data for June to get clues about the Fed’s interest rate direction.
Correction to Trendline Again
Correction is seen approaching the trendline area. Look for buy opportunities in the trendline area which can be strengthened by the appearance of bullish signals.
Prediction: STRONG XAGUSD
Resistance
- R1 30.000
- R2 31.000
- R3 31.500
- R4 32.000
Support
- S1 29.000
- S2 29.500
- S3 30.000
- S4 30.500
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