XAGUUSD Forex Analysis for Today – Thursday (07-03-2024)

XAGUUSD Forex Analysis for Today – Thursday (07-03-2024)

XAGUUSD Forex Analysis for Today – Thursday (07-03-2024)

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Get Ready to BUY XAGUSD Again If Resistance Breaks

Daily XAGUSD Analysis

Fed Interest Rate Cut Rumors Also Boost Silver

Silver prices are rallying again, driven by extraordinary momentum largely attributed to rumors of interest rate cuts by the Fed.

Buy If Resistance is Broken

Prices continue to move in an uptrend. Keep an eye on the resistance area as buying opportunities will re-emerge if that resistance is breached.


Resistance Levels

  • R1: 24.636
  • R2: 23.448
  • R3: 24.636
  • R4: 25.130

Support Levels

  • S1: 23.448
  • S2: 24.636
  • S3: 23.234
  • S4: 22.736

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. XM broker south africa is not responsible for any losses that may arise from the use of this analysis.

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