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.
Prediction: STRONG XAGUSD
Resistance
- R1 28.600
- R2 27.986
- R3 28.900
- R4 29.197
Support
- S1 27.986
- S2 28.600
- S3 27.723
- S4 27.427
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