XAGUSD Forex Analysis for Today, Friday (19-07-2024)
Source: https://onlineforexafrica.com/
XAGUSD Still Has a SELL Opportunity, Break of Structure Seen
Analysis by XAGUSD
Strengthening Dollar Pressures Silver
Silver prices continue to correct along with the strengthening dollar. Profit-taking actions also trigger corrections in precious metal prices including gold and palladium.
Break of Structure
A break of structure is seen on the H1 time frame after the descending triangle pattern was confirmed yesterday.
Prediction: WEAK XAGUSD
Resistance Levels
- R1: 31.000
- R2: 30.000
- R3: 29.000
- R4: 28.000
Support Levels
- S1: 30.765
- S2: 29.286
- S3: 28.544
- S4: 27.827
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