XAGUSD Forex Analysis for Today – Friday(23-02-2024)
Opportunity to BUY XAGUSD: Potential Bullish Flag
Daily Analysis XAGUSD
US Economic Data Quite Robust
Silver prices corrected last night after unemployment claims data showed that the US economy remains quite robust, while the market awaits other economic data to guide the Fed’s next steps.
Potential Bullish Flag Pattern
Price movement appears to be forming a potential bullish flag pattern on the H1 time frame.
Prediction: STRONG SILVER
Resistance
- R1 23.197
- R2 22.890
- R3 23.371
- R4 23.490
Support
- S1 22.522
- S2 22.890
- S3 22.375
- S4 22.181
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