XAGUSD Forex Analysis for Today – Monday (06-05-2024)
Sell Opportunity for XAGUSD: Price Tests Trendline and Resistance
XAGUSD Analysis
Silver Follows Gold Movements
Silver prices are declining in line with gold due to increased risk appetite in the market and changing market sentiment towards US monetary policy.
Trendline and Resistance Holding
The rise in silver prices is once again held back at the trendline and resistance area. Sell opportunities can be taken if there is a confirmation of bearish signals at the resistance area.
Prediction: WEAK XAGUSD
Resistance Levels
- R1: 26.405
- R2: 26.762
- R3: 27.115
- R4: 27.372
Support Levels
- S1: 26.762
- S2: 26.405
- S3: 26.533
- S4: 26.086

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