XAGUSD Forex Analysis – Wednesday (24-01-2024)

XAGUSD Forex Analysis – Wednesday (24-01-2024)

XAGUSD Forex Analysis for Today – Wednesday (24-01-2024)

Visit XAGUSD Forex Analysis

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

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Your email address will not be published.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 *