XAGUSD is approaching resistance, potential reversal.

Price is facing bearish pressure from our pivot, in line with our graphical swing high resistance, 127.2% fibonacci extension and 23.6% fibonacci retracement where we could see a further downside below this level to our first support level at 26.0582. Failure to hold above our pivot level at 27.1277 could see a swing towards our first resistance target at 27.8153.

Pivot: 27.1277
Supporting Points:
graphical swing high resistance, 127.2% fibonacci extension and 23.6% fibonacci retracement

1st Support: 26.0582
Supporting Points:
127.2% fibonacci extension, 78.6% fibonacci retracement

1st Resistance: 27.8153
Supporting Points:
38.2% fibonacci retracement
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