XAGUSD approaching support, potential bounce!
XAGUSD is approaching our first support at 14.91 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, Horizontal overlap support) where a strong bounce might occur above this level to our major resistance at 15.60 (100% Fibonacci extension, 50% Fibonacci retracement, Horizontal swing high resistance).
Stochastic is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Penafian
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