XAGUUSD Forex Analysis for Today, Tuesday (06-02-2024)
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XAGUSD Still Seeking SELL Opportunities
Daily XAGUSD Analysis
Dollar Strength Pressuring Silver Again
Silver falls, pressured by the strengthening dollar and rising yields on US government bonds. Dollar strength continues after ISM non-manufacturing PMI data exceeded expectations.
Look for Sell in the Resistance Area
Prices are still under pressure. Monitor the resistance area to find sell signals again.
Prediction: WEAK SILVER
Resistance
- R1 22.604
- R2 22.392
- R3 22.704
- R4 22.783
Support
- S1 22.392
- S2 22.604
- S3 22.312
- S4 22.227
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