(XAG | USD) Forex Trading Analysis Today Forex Forecast Sep 02, 2024 | XAGUSD Analysis

in Forex Update3 months ago

Untitled1.png

pic-scr

Forex Trading Analysis

Hello Guys today is Monday, September 2nd 2024 I am going to analyze spot silver versus US dollar pair let us start the top-to-bottom elit wave analysis inside the daily time frame the trend is up in silver daily time frame support is present at 25.9 price level price action is most likely going to drop and then rise more to complete bullish with five impulse leg in coming trading days decisive bearish break below 25.9000 support area is going to end uptrend in daily chart of Silver versus United States dollar pair

Untitled1.png

At 4 hour time frame price action is printing lower swing highs into lower swing lose to me spot silver Trend looks down in 4hour time frame

Untitled1.png

At 1 hour time frame the trend is down in 1 hour chart intraday resistance is present at 30.170 price level price action is most likely going to rise up to print bullish w b pull back and then drop to print bearish w c zigzag that corrective leg which offers a chance to join the downtrend in spot silver a decisive bullish breakout above 30.170 resistance level is going to end down Trend in 1 hour chart of Silver versus United States dollar

Untitled1.png

More specific the red color highlighted area offers a selling opportunity which is the previous fourth wave of one lesser

Untitled1.png

Sort:  

"📈 Wow, impressive analysis! 👏 I love how you broke down the different time frames and highlighted key support and resistance levels in this spot silver vs US dollar pair. 🤔 It's always exciting to see traders sharing their insights and expertise on Steem! 💡 What do you guys think about this analysis? Do you agree with the top-to-bottom elit wave analysis, or do you have a different perspective on the market trend? 🤗 Let's keep the discussion going and learn from each other's experiences! 👍"

Coin Marketplace

STEEM 0.23
TRX 0.21
JST 0.035
BTC 98860.98
ETH 3352.36
USDT 1.00
SBD 3.13