XAGUUSD Forex Analysis for Today, Wednesday(03-04-2024)
Potential to BUY XAGUSD: Resistance Broken, Monitor Correction Area!
Daily Analysis XAGUSD
High Demand for Safe Haven Assets
Silver surged to $26.32 due to high demand for safe haven assets amidst increasing tensions in the Middle East. As long as geopolitical tensions persist, the price of silver continues to strengthen.
Resistance Has Been Broken
Resistance has been breached on the H4 timeframe. Buying opportunities are available after the price corrects to the previous resistance breakout area or new support.
Prediction: STRONG XAGUSD
Resistance
- R1 25.557
- R2 25.079
- R3 25.986
- R4 26.216
Support
- S1 25.079
- S2 25.557
- S3 24.781
- S4 24.507
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