XAGUSD Forex Analysis – Tuesday(02-01-2024)

XAGUSD Forex Analysis – Tuesday(02-01-2024)

XAGUSD Forex Analysis for Today

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Trading Alert: XAGUSD Bullish, Buying Opportunity Below!

XAGUSD Analysis: Bullish sentiment dominates XAGUSD movement. From the H1 timeframe chart, there is a visible price pullback towards the support area. Look for buying confirmation in the support area.

Today’s Trading Strategy:

  • BUY at Range @23.700 – 23.550
  • Target: 24.000 – 24.100
  • Alternative:
  • SELL STOP @23.550
  • Target: 23.200 – 23.000

Resistance Levels

  • R1 23.550
  • R2 23.200
  • R3 23.000

Support Levels

  • S1 23.700
  • S2 23.550
  • S3 24.000
  • S4 24.100

Disclaimer: This publication of analysis is a form of marketing communication and does not represent any research or investment advice whatsoever. The content contained therein reflects the general views of our experts and is not related to the personal conditions, investment experiences, or financial situations of the readers. This analysis is also not intended to promote any independent investment body, and Exness is not obliged to prohibit any transactions before the release of the analysis. Readers should be cautious about the potential for losses that may occur. XM broker south africa is not responsible for any losses that may arise from the use of this analysis.

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