XAGUUSD Forex Analysis for Today, Tuesday (09-01-2024)

XAGUUSD Forex Analysis for Today, Tuesday (09-01-2024)

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


  • 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

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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