XAGUUSD Forex Analysis for Today – Tuesday (05-03-2024)

XAGUUSD Forex Analysis for Today – Tuesday (05-03-2024)

XAGUUSD Forex Analysis for Today – Tuesday (05-03-2024)

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XAGUSD Seeks Another Buying Opportunity

Daily XAGUSD Analysis

Bullish Bias Continues

Prices continue to strengthen after breaking the downward trendline observed on the H1 time frame. Look for buying opportunities in case of corrections to the support area. Also, monitor the resistance area, as breaking through it could further enhance buying opportunities.


Resistance Levels

  • R1: 23.180
  • R2: 22.914
  • R3: 23.363
  • R4: 23.807

Support Levels

  • S1: 22.914
  • S2: 23.180
  • S3: 22.786
  • S4: 22.415

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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