XAGUSD Chart Technical Outlook

XAGUSD Chart Technical Outlook has breached Tuesday’s low at $30.60, which has become a resistance now. Precious metals have lost steam with investors cautious about the Fed’s decision. I expect consolidation with previous highs at $30.10 holding bears ahead of the Fed. Below here the next target would be $29.20. Resistances are $31.15 and July’s high, at $31.70.

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