XAGUSD Forex Analysis for Today – Wednesday (24-01-2024)
Retrace to Trendline, Initiate Silver SELL Now!
Price Moves Below Trendline
On the H1 time frame, it is observed that the price is still moving below the trendline, retracing to test the trendline area. The failure to penetrate the trendline will increase the selling opportunities.
Prediction: WEAK SILVER
Resistance Levels
- R1: 22.600
- R2: 22.400
- R3: 22.900
- R4: 23.250
Support Levels
- S1: 22.300
- S2: 22.600
- S3: 22.100
- S4: 21.800
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