XAGUSD approaching resistance, potential drop!
XAGUSD is approaching our first resistance at 15.20 (Horizontal pullback resistance, 61.8%, 100% fibonacci extension, 38.2% fibonaccci retracement) where a strong drop might occur pushing price down to our major support at 14.58 (Horizontal overlap support, 61.8% fibonacci extension, 61.8% fibonaccci retracement).
Stochastic (89,5,3) is also approaching resistance and we might see a corresonding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (89,5,3) is also approaching resistance and we might see a corresonding drop 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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