XAGUSD Forex Analysis – Thursday(08-02-2024)

XAGUSD Forex Analysis – Thursday(08-02-2024)

XAGUSD Forex Analysis for Today – Thursday (08-02-2024)

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Opportunity to SELL XAGUSD: Rectangle Pattern Detected

Daily Analysis XAGUSD

Rectangle pattern is visible on the H1 time frame. The price is pulling back to the resistance area. Monitor this area for confirmation of sell signals.

Prediction: WEAK SILVER

Resistance

  • R1 22.500
  • R2 22.215
  • R3 22.582
  • R4 22.733

Support

  • S1 22.215
  • S2 22.500
  • S3 22.120
  • S4 21.994
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