XAGUUSD Forex Analysis for Today, Friday(24-05-2024)

XAGUUSD Forex Analysis for Today, Friday(24-05-2024)

XAGUUSD Forex Analysis for Today, Friday(24-05-2024)


XAGUSD Still Down! Targeting SELL Opportunities Again Today!

XAGUSD Analysis

Precious Metals Pressured by Dollar Strength

The USD strengthened overnight after S&P Global’s fundamental survey data showed that business activity in the US manufacturing and services sectors reached the highest level in over two years. The USD strength pressured precious metal prices, including silver.

Look for Sells at Resistance Area

Silver prices are still under pressure. Sell signal confirmation can be sought if there is a pullback to the resistance area.


Resistance Levels:

  • R1 31.479
  • R2 30.732
  • R3 31.796
  • R4 32.108

Support Levels:

  • S1 30.732
  • S2 31.479
  • S3 30.394
  • S4 29.858

Disclaimer: This publication of analysis is a form of marketing communication and does not represent any research or investment advice whatsoever. The content contained therein reflects the general views of our experts and is not related to the personal conditions, investment experiences, or financial situations of the readers. This analysis is also not intended to promote any independent investment body, and Exness is not obliged to prohibit any transactions before the release of the analysis. Readers should be cautious about the potential for losses that may occur. Exness South africa is not responsible for any losses that may arise from the use of this analysis.

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