XAGUSD Forex Analysis for Today, Wednesday(31-01-2024)

XAGUSD Forex Analysis for Today, Wednesday(31-01-2024)

XAGUSD Forex Analysis for Today, Wednesday(31-01-2024)

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Seek SELL Opportunity: XAGUSD Hits Resistance

Daily Analysis XAGUSD

Resistance Stalled, Long Bearish Candle Emerged

Silver prices are held in the resistance area. On the H1 time frame, a lengthy bearish pattern has emerged. A pullback occurred and got halted at the resistance area. Sell signals can still be sought as long as the price does not break above the resistance.

Prediction: WEAK SILVER

Resistance

  • R1 23.380
  • R2 23.206
  • R3 23.445
  • R4 23.565

Support

  • S1 23.206
  • S2 23.380
  • S3 23.112
  • S4 23.018
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