XAGUUSD Forex Analysis for Today, Friday(05-04-2024)

XAGUUSD Forex Analysis for Today, Friday(05-04-2024)

XAGUUSD Forex Analysis for Today, Friday(05-04-2024)

Potential to SELL XAGUSD: Double Top Confirmed!

Daily Analysis XAGUSD

Return of Dollar Strength

The US Bureau of Labor Statistics is scheduled to release its latest non-farm payroll report on Friday. A strong employment report indicates economic resilience, causing the US central bank to postpone plans to lower interest rates in the near future. This scenario is bullish for the Dollar and puts pressure on precious metals like silver.

Double Top Confirmed

The double top pattern is confirmed as the price has broken the neckline area on the H1 timeframe. SELL opportunities are available at the broken neckline area.


  • R1 27.219
  • R2 26.836
  • R3 27.417
  • R4 27.638


  • S1 26.836
  • S2 27.219
  • S3 26.499
  • S4 26.300

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