XAGUSD Forex Analysis for Today – Monday (29-04-2024)
Potential to SELL XAGUSD! Bearish Wedge Pattern Confirmed
XAGUSD Daily Analysis
Fed Issues Still Pressure Silver
Easing geopolitical tensions in the Middle East combined with the possibility of the Fed delaying interest rate cuts, which could strengthen the USD, continue to pressure silver prices.
Bearish Rising Wedge Pattern Confirmed
The bearish rising wedge pattern is confirmed. Opportunities to open sell positions can be found if there is a breakthrough below the support level.
Prediction: WEAK XAGUSD
Resistance Levels
- R1: 27.365
- R2: 26.926
- R3: 27.487
- R4: 27.730
Support Levels
- S1: 26.926
- S2: 27.365
- S3: 26.807
- S4: 26.665
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