XAGUSD on the 4-hour (4H) timeframe suggesting a selling opportunity due to the current sell direction.
Resistance: 32.100
1st Support: 31.00
2nd Support: 39.100
It seems there might be a slight typo, as the second support level (39.100) seems unusually high, especially compared to the resistance and first support levels. It might be meant to be 29.100 instead.
As an investor or trader, it’s essential to manage risk with stop losses above the resistance level and consider price action around key support levels for potential reversals.
Resistance: 32.100
1st Support: 31.00
2nd Support: 39.100
It seems there might be a slight typo, as the second support level (39.100) seems unusually high, especially compared to the resistance and first support levels. It might be meant to be 29.100 instead.
As an investor or trader, it’s essential to manage risk with stop losses above the resistance level and consider price action around key support levels for potential reversals.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.