XAGUUSD Forex Analysis for Today, Thursday(11-01-2024)
Get Ready to SELL SILVER! TRIANGLE Potential!
Daily Analysis XAGUSD
Get Ready to SELL SILVER! TRIANGLE Still Present!
Daily Analysis XAGUSD
Markets Await US Inflation Data, Silver Feels the Pressure
Tonight’s US inflation data will provide clues for the market regarding the Fed’s future monetary policy direction. This anticipation is also putting pressure on the price of silver.
Potential Symmetrical Triangle Pattern
The symmetrical triangle pattern on the H4 time frame is still intact. Selling opportunities can be sought in the resistance area.
Conclusion: WEAK SILVER
Resistance
- R1 23.600
- R2 22.800
- R3 24.000
- R4 24.200
Support
- S1 22.900
- S2 23.400
- S3 22.600
- S4 22.200
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