XAGUUSD Forex Analysis for Today, Wednesday(27-03-2024)
Search for Selling Opportunities in XAGUSD Again! Triangle Pattern Confirmed!
Daily Analysis XAGUSD
Silver Still Under Pressure
Silver (XAG/USD) remained under selling pressure on Tuesday. Various releases of US macroeconomic data, still supporting dollar strength, kept silver prices suppressed around the mid $24.00 level.
Breaking the Triangle Pattern
Prices have already broken the triangle pattern on the H1 time frame and have been confirmed to continue its downtrend. Look for selling opportunities again at the nearest resistance area.
Prediction: WEAK XAGUSD
Resistance
- R1 24.838
- R2 24.580
- R3 24.989
- R4 25.137
Support
- S1 24.580
- S2 24.838
- S3 24.360
- S4 24.227
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