XAGUSD is approaching our first support at 14.46 (76.4% Fibonacci retracement , 100% Fibonacci extension , horizontal swing low support) where a strong bounce might occur above this level pushing price up to our major resistance at 15.06 (horizontal swing high resistance, 38.2% Fibonacci retracement ).
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.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results