XAGUUSD Forex Analysis for Today, Friday (29-12-2023)

XAGUUSD Forex Analysis for Today, Friday (29-12-2023)


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

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.

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