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.
Prediction: STRONG SILVER
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
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