XAGUUSD Analysis for Today – Tuesday (26-12-2023)
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XAGUUSD Breaks Trendline, Bearish Sentiment Looms
Analysis of XAGUSD suggests a bearish bias. On the H1 timeframe chart, XAGUSD has successfully breached the trendline, indicating the potential for correction before a downward turn.
Today’s Trading Strategy:
- SELL in the Range of 24.250 – 24.3350
- Target: 24.050 – 23.950
Alternative:
- BUY STOP @24.350
- Target: 24.500 – 24.600
Resistance Levels
- R1: 24.350
- R2: 24.500
- R3: 24.600
Support Levels
- S1: 24.250
- S2: 24.3350
- S3: 24.050
- S4: 23.950
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