XAGUSD Forex Analysis for Today – Monday(11-03-2024)
Seeking BUY Opportunities for XAGUSD: Still Above the Up Trendline
Daily XAGUSD Analysis
Silver Does Not Follow Gold
Silver prices do not follow the strengthening of gold despite expectations of a possible Fed interest rate cut.
Buy If Resistance is Broken
Overall, prices are still moving in a bullish bias for the daily outlook. Keep an eye on the resistance area as buying opportunities will reopen if the resistance is breached.
Prediction: STRONG SILVER
Resistance
- R1 24.661
- R2 24.098
- R3 24.871
- R4 25.168
Support
- S1 23.863
- S2 24.098
- S3 23.737
- S4 23.607
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