XAGUUSD Forex Analysis for Today, Friday(12-01-2024)

XAGUUSD Forex Analysis for Today, Friday(12-01-2024)

XAGUUSD Forex Analysis for Today, Friday(12-01-2024)

Bearish Pattern Detected: Get Ready to SELL SILVER Again!

Daily Analysis XAGUSD

US CPI Exceeds Expectations

Yesterday’s relatively high US CPI data caused silver prices to decline, triggering market confidence in the continuation of the Fed’s high-interest rates until March 2024 and providing strength to the USD.

Potential Three Black Crows

Once again, the three black crows pattern has emerged on the H4 time frame. Selling opportunities can be explored if it breaks the support level.

Conclusion: WEAK SILVER


  • R1 23.400
  • R2 22.900
  • R3 23.600
  • R4 23.800


  • S1 22.450
  • S2 23.200
  • S3 22.100
  • S4 21.050

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