XAGUUSD Forex Analysis – Thursday (25-01-2024)

XAGUUSD Forex Analysis – Thursday (25-01-2024)

XAGUUSD Forex Analysis for Today – Thursday (25-01-2024)

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Failed Breakhigh Trendline: Prepare for Another SILVER SELL Opportunity!

Daily Analysis of XAGUSD

Retrace Unable to Break Through Trendline

Even though a retrace occurs towards the trendline area, the price is held back by daily resistance. Explore selling opportunities as long as the price does not breach the trendline.

Conclusion: SILVER in a Weakened State

Resistance Levels

  • R1: 23.000
  • R2: 22.765
  • R3: 23.410
  • R4: 24.270

Support Levels

  • S1: 22.550
  • S2: 23.000
  • S3: 22.335
  • S4: 21.905

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