XAGUSD Forex Analysis – Monday (29-04-2024)

XAGUSD Forex Analysis – Monday (29-04-2024)

XAGUSD Forex Analysis for Today – Monday (29-04-2024)

Visit XAGUSD Forex Analysis

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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