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XAGUSD Amidst Turbulence, Support Holds the Key
XAGUSD Analysis – Amidst the strengthening of the US Dollar, XAGUSD is moving downward, indicating a direction towards the support area according to the H1 timeframe chart. There’s potential for XAGUSD to rebound today.
Today’s Trading Strategy:
- Place BUY in the Range @24.050 – 23.950
- Target: 24.200 – 24.400
- Alternatives:
- Consider SELL STOP @23.950
- Target: 23.700 – 23.500
Resistance Levels:
- R1 23.950
- R2 23.700
- R3 23.500
Support Levels:
- S1 24.050
- S2 23.950
- S3 24.200
- S4 24.400
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