XAGUSD Forex Analysis – Friday (26-04-2024)

XAGUSD Forex Analysis – Friday (26-04-2024)

XAGUSD Forex Analysis for Today – Friday (26-04-2024)

Visit XAGUSD Forex Analysis

Prepare to Seek SELL Opportunities in XAGUSD, Monitor Potential Breakout of Support

XAGUSD Daily Analysis

Inflation Could Hinder Fed Rate Cuts

The US Core PCE data tonight has the potential to increase. Although US economic growth in the first quarter was slower than expected, the potential for inflation to rise could hinder the Fed from cutting interest rates before September. High interest rates could reduce the attractiveness of holding non-yielding precious metals.

Price Still in Consolidation Phase

Silver prices are still in a consolidation phase. Opportunities to open sell positions can be found if there is a breakthrough below the support level.

Prediction: WEAK XAGUSD

Resistance Levels

  • R1: 27.599
  • R2: 26.960
  • R3: 27.747
  • R4: 27.973

Support Levels

  • S1: 26.960
  • S2: 27.599
  • S3: 26.810
  • S4: 26.648

Disclaimer: This publication of analysis is a form of marketing communication and does not represent any research or investment advice whatsoever. The content contained therein reflects the general views of our experts and is not related to the personal conditions, investment experiences, or financial situations of the readers. This analysis is also not intended to promote any independent investment body, and Exness is not obliged to prohibit any transactions before the release of the analysis. Readers should be cautious about the potential for losses that may occur. Exness South africa is not responsible for any losses that may arise from the use of this analysis.

 forex analysis | gbpjpy forecast | eur chf forecast | gbp usd forecast | best forex prediction site | top down analysis forex | gbp usd forecast | xau usd forecast

Leave a Reply

Your email address will not be published. Required fields are marked *