XAGUUSD Forex Analysis for Today, Friday(12-07-2024)
Opportunity to BUY XAGUSD Again! Symmetrical Triangle Formation!
XAGUSD Analysis
US Inflation Data Decreases
The US CPI data recorded at -0.1 percent month-on-month, along with the core CPI data dropping from 0.2 percent to 0.1 percent, strengthens expectations that the Fed will cut interest rates this year, possibly in September.
Symmetrical Triangle Pattern
A symmetrical triangle pattern has been confirmed on the H1 time frame. Buying opportunities can be sought if there is a pullback near the upper line area of this pattern.
Prediction: STRONG XAGUSD
Resistance
- R1 30.562
- R2 31.697
- R3 32.204
- R4 32.754
Support
- S1 29.500
- S2 30.000
- S3 30.500
- S4 31.000

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