XAGUUSD Forex Analysis for Today, Monday(08-04-2024)
Potential Opportunities to Buy XAGUSD Today: Targeting Corrections at Support
Daily Analysis XAGUSD
Reaching New Highs
Silver prices reached a new high on Monday, continuously driven by fundamental factors related to geopolitical risks and strong physical demand.
Correction to Support Area
Prices have broken through the previous highest resistance on the H1 time frame. Target corrections to the support area as confirmation of the uptrend continuation.
Prediction: STRONG XAGUSD
Resistance
- R1 27.286
- R2 26.875
- R3 27.645
- R4 27.858
Support
- S1 26.875
- S2 27.286
- S3 26.622
- S4 26.379
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