XAGUUSD forex analysis for today, Thursday(09-05-2024)

XAGUUSD forex analysis for today, Thursday(09-05-2024)

Selling Opportunity XAGUSD: TRIPLE Top Potential

Analyze XAGUSD

Strength of USD Casts Shadow over Silver

Silver prices dropped yesterday as the USD strengthened, supported by the recovery of US bond yields.

Triple Top Potential

A potential triple top pattern is visible on the H1 time frame, with prices nearing the resistance area. Look for selling opportunities in that resistance area.

Prediction: WEAK XAGUSD

  • Resistance
    • R1 27.552
    • R2 27.405
    • R3 27.639
    • R4 27.718
  • Support
    • S1 27.405
    • S2 27.552
    • S3 27.288
    • S4 27.127

OnlineForexAfrica

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