XAGUSD approaching support, potential bounce!

9 באפר׳ 2019

XAGUSD is approaching our first support at 14.91 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, Horizontal overlap support) where a strong bounce might occur above this level to our major resistance at 15.60 (100% Fibonacci extension, 50% Fibonacci retracement, Horizontal swing high resistance).
Stochastic is also approaching support where we might see a corresponding bounce in price.
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