XAGUUSD Forex Analysis – Wednesday(13-03-2024)

XAGUUSD Forex Analysis – Wednesday(13-03-2024)

XAGUUSD Forex Analysis for Today – Wednesday(13-03-2024)

Selling Opportunity for XAGUSD! Potential Double Top!

Daily Analysis XAGUSD

US Inflation Lowers Expectations of Fed Rate Cuts

Silver prices weakened yesterday after US inflation data turned out to be higher than expected, dampening market confidence that the Fed would soon cut interest rates.

Potential Double Top

There is a potential formation of a double top pattern on the H1 time frame. Monitor the resistance area to find selling opportunities.

Prediction: WEAK SILVER


  • R1 24.746
  • R2 24.215
  • R3 24.975
  • R4 25.211


  • S1 24.215
  • S2 24.746
  • S3 24.000
  • S4 23.567

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