XAGUUSD Forex Analysis for Today, Wednesday(17-04-2024)

XAGUUSD Forex Analysis for Today, Wednesday(17-04-2024)

XAGUUSD Forex Analysis for Today, Wednesday(17-04-2024)

Seek Buying Opportunities Again in XAGUSD Now! Potential Pullback in Triangle!

Daily Analysis XAGUSD

Geopolitical Tensions Persist

Israel has announced its intention to respond to drone attacks launched into its territory, indicating ongoing geopolitical tensions in the Middle East. Market participants seek refuge through safe-haven instruments, thus silver prices remain strong.

Triangle Pattern Detected, Potential Pullback

A triangle pattern is identified on the H1 timeframe with potential pullback in the channel triangle area. Buying opportunities are available in the support area or channel as long as prices do not breach the support zone.



  • R1 27.949
  • R2 27.332
  • R3 28.489
  • R4 28.807


  • S1 27.332
  • S2 27.949
  • S3 26.950
  • S4 26.569

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