XAGUSD approaching support, potential bounce!
XAGUSD is approaching our first support at 14.8020 (horizontal swing low support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce to our major resistance at 15.20565 (horizontal overlap resistance, 50% Fibonacci retracement) might occur.
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.
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