XAGUUSD Forex Analysis for Today, Tuesday(26-03-2024)
Still Possible to SELL XAGUSD: Potential Triangle Pattern Breakout!
Daily Analysis XAGUSD
Silver Price Correction
Silver prices corrected on Monday, around $24.60, driven by the strengthening Dollar sentiment this week, fueled by US economic data projected to be larger than expected.
Potential Triangle Pattern Breakout
Current prices are consolidating in the triangle area, which is likely to be broken on the H1 time frame. Look for SELL opportunities in the breakout area as confirmation of the downtrend.
Prediction: WEAK XAGUSD
Resistance
- R1 24.933
- R2 24.657
- R3 25.140
- R4 25.333
Support
- S1 24.657
- S2 24.933
- S3 24.317
- S4 24.155
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