XAGUUSD Forex Analysis for Today, Tuesday (09-01-2024)
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Bearish Engulfing: Opportunity to Profit from Selling XAGUSD!
XAGUSD Analysis – XAGUSD climbed again but faced resistance and displayed a bearish engulfing pattern on the H1 timeframe.
Today’s Trading Strategy:
- Sell in the range of 23.150-23.200
- Target: 23.000-22.900
Alternatives:
- Place a BUY STOP @23.250
- Target: 23.350-23.400
Resistance Levels:
- R1: 23.250
- R2: 23.350
- R3: 23.400
Support Levels:
- S1: 23.150
- S2: 23.200
- S3: 23.000
- S4: 22.900
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