XAGUUSD Forex Analysis for Today, Monday(15-04-2024)

XAGUUSD Forex Analysis for Today, Monday(15-04-2024)

XAGUUSD Forex Analysis for Today, Monday(15-04-2024)

Potential to BUY XAGUSD: Pull Back at Support Area, Continuing Upward Trend!

Daily Analysis XAGUSD

Increasing Unrest, Silver Still in Demand

With the increasing geopolitical unrest between Iran and Israel over the past weekend, silver is still sought after as a safe-haven asset for market participants seeking security in turbulent times.

Pull Back at Support Area.

Prices will continue their upward trend when viewed from the pullback at the support area on the H4 time frame. Buying opportunities are available at the nearest support area as long as prices do not break below that level.

Prediction: STRONG XAGUSD

Resistance

  • R1 27.796
  • R2 27.279
  • R3 28.373
  • R4 28.657

Support

  • S1 27.279
  • S2 27.796
  • S3 26.929
  • S4 26.586
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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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