XAGUSD Forex Analysis – Wednesday (17-01-2024)

XAGUSD Forex Analysis – Wednesday (17-01-2024)

XAGUSD Forex Analysis for Today, Wednesday (17-01-2024)

Visit the analysis page here

Prepare to SELL SILVER, Fed Likely to Postpone Rate Cuts

Daily Analysis XAGUSD

Strength of the Dollar Continues to Press Precious Metals

Silver is under pressure due to the strengthening USD following hawkish comments from a Fed official, Christopher Waller, which dampened expectations of further Fed rate cuts.

Bearish Bias Still Dominates

Prices are still moving in a bearish bias marked by the dominance of bearish candles on the H1 time frame. A breakthrough of support will confirm selling opportunities with even lower targets.

Conclusion: WEAK SILVER


  • R1 23.000
  • R2 22.800
  • R3 23.100
  • R4 23.200


  • S1 22.800
  • S2 23.000
  • S3 22.700
  • S4 22.300

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. Exness South africa is not responsible for any losses that may arise from the use of this analysis.

 forex analysis | gbpjpy forecast | eur chf forecast | gbp usd forecast | best forex prediction site | top down analysis forex | gbp usd forecast | xau usd forecast

Leave a Reply

Your email address will not be published. Required fields are marked *