XAGUSD approaching support, potential bounce!

16 באפר׳ 2019

XAGUSD is approaching our first support at 14.83 (horizontal pullback support, 61.8% Fibonacci extension, 61.8% retracement, short term ascending line) where a strong bounce might occur to our first resistance at 15.30 (horizontal overlap resistance, 61.8% Fibonacci retracement).
Stochastic is also approaching support where we might see a corresponding bounce in price.
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