XAGUSD is Approaching Resistance, Potential Reversal
XAGUSD is approaching its resistance at 14.51 (100% & 61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse to its support at 14.28 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing low support). Stochastic (89, 5, 3) is approaching its support at 92% where a corresponding reversal could occur.
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.