XAGUUSD Forex Analysis for Today, Tuesday(02-04-2024)

XAGUUSD Forex Analysis for Today, Tuesday(02-04-2024)

XAGUUSD Forex Analysis for Today, Tuesday(02-04-2024)

Get Ready to BUY XAGUSD, Monitor the Breakout of the Resistance Area!

Daily Analysis XAGUSD

Silver Experiences Limited Increase

Silver experienced a limited increase during Monday’s session. This occurred after reports from the Manufacturing sector showed an increase above expectations, along with the rise in US Treasury yields, which put pressure on silver prices.

Channel Line Breakout, Monitor Resistance Breakout

The channel breakout has confirmed an uptrend on the H1 timeframe. Monitor the resistance area to be breached; buying opportunities are available as long as the price does not pull back from the resistance area.



  • R1 25.071
  • R2 24.729
  • R3 25.423
  • R4 25.601


  • S1 24.729
  • S2 25.071
  • S3 24.503
  • S4 24.297

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