XAGUUSD forex analysis for today, Friday(10-05-2024)

XAGUUSD forex analysis for today, Friday(10-05-2024)

Opportunities to BUY XAGUSD: Price Moves Above Rising Trendline

Analysis XAGUSD

US Unemployment Claims Pressuring USD

Gold prices rose more than 1 percent yesterday after US unemployment claims data exceeded expectations, strengthening market optimism for a Fed interest rate cut this year.

Moving in Uptrend

Prices continue to move up above the trendline. Buy opportunities can be sought if the resistance area is breached.



  • R1 28.600
  • R2 27.986
  • R3 28.900
  • R4 29.197


  • S1 27.986
  • S2 28.600
  • S3 27.723
  • S4 27.427

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