XAGUUSD Forex Analysis for Today, Thursday(04-04-2024)

XAGUUSD Forex Analysis for Today, Thursday(04-04-2024)

XAGUUSD Forex Analysis for Today, Thursday(04-04-2024)

Opportunity to BUY XAGUSD Today, Monitor Correction Area Again!

Daily Analysis XAGUSD

Negative Dollar Sentiment, High Safe Haven Demand

Silver surged to $27.32 due to negative Dollar sentiment after Powell struck a dovish tone regarding future monetary policy. Supported also by high demand for safe haven assets amid escalating tensions in the Middle East. As long as geopolitical tensions persist, the price of silver continues to strengthen.

Resistance Has Been Broken

The previous highest resistance has been broken on the H1 timeframe. BUY opportunities are available after the price corrects to the previous resistance breakout area or the nearest support.



  • R1 26.578
  • R2 26.181
  • R3 27.007
  • R4 27.207


  • S1 26.181
  • S2 26.578
  • S3 25.916
  • S4 25.674

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