XAGUUSD Forex Analysis for Today – Tuesday(19-03-2024)
Still Opportunities to BUY XAGUSD: Support Rejection in Triangle Pattern!
Daily Analysis XAGUSD
Limited Decline Ahead of FOMC
Silver prices fell towards $25.00 per troy ounce on Monday as US Treasury bond yields rose ahead of the Federal Open Market Committee (FOMC) meeting. XAG/USD was trading around $25.03, down 0.57%. However, overall Silver remains strong amid last month’s high inflation.
Correction to Support Area
Prices are held at the support area in the triangle pattern on the H4 timeframe. Look for BUY opportunities at the support area to continue its uptrend.
Prediction: STRONG SILVER
Resistance
- R1 24.926
- R2 24.574
- R3 25.189
- R4 25.374
Support
- S1 24.574
- S2 24.926
- S3 24.359
- S4 24.146
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