XAGUUSD Forex Analysis for Today, Friday (02-02-2024)
XAGUSD Stalled at Resistance, Opportunity to Seize SELL
Daily XAGUSD Analysis
Market Focus on US NFP Data
Silver strengthened last night after US unemployment claims data showed an increase. The market’s focus is now shifting to US non-farm payrolls data tonight.
Stalled at Strong Resistance
Silver prices are held at a strong resistance area on the H1 time frame. Look for confirmation of sell signals at the resistance area.
Prediction: WEAK SILVER
Resistance
- R1: 23.358
- R2: 23.206
- R3: 23.439
- R4: 23.570
Support
- S1: 23.206
- S2: 23.358
- S3: 23.124
- S4: 23.023
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