XAGUUSD Forex Analysis for Today, Tuesday(09-07-2024)
Potential BUY XAGUSD: Rebound from Trendline
XAGUSD Analysis
Profit Taking Occurred
Silver prices corrected due to profit taking and the strengthening of the stock market. The market still expects the Fed to cut interest rates in September, so there is a possibility of a rebound in silver prices.
Rebound from Trendline
A rebound appears to be occurring from the trendline area. Look for buying opportunities that can be strengthened by the emergence of bullish signals.
Prediction: STRONG XAGUSD
Resistance
- R1 30.000
- R2 30.905
- R3 31.400
- R4 31.898
Support
- S1 29.000
- S2 29.500
- S3 30.000
- S4 30.500
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