Explore XAGUSD Forex Insights Now!
Opportunity to BUY XAGUSD: Monitor Potential Resistance Breakout!
Daily XAGUSD Analysis
Market Awaits US Advanced GDP Data
The market is eagerly awaiting the release of US Advanced GDP data, which is predicted to slow down. The potential slowdown will reinforce speculation that the Fed will indeed postpone interest rate cuts until September.
Price Moving in Consolidation
Silver prices are currently in a consolidation phase. Opportunities to open buy positions can be found if there is a breakthrough above the resistance level.
Prediction: STRONG XAGUSD
Resistance
- R1 27.570
- R2 26.985
- R3 27.747
- R4 27.973
Support
- S1 26.985
- S2 27.570
- S3 26.810
- S4 26.648
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.