SHORT XAGUSD Testing Resistance, Prepare For Reversal

19 בפבר׳ 2019

XAGUSD is testing its resistance where we expect to see a reversal.

XAGUSD is testing its resistance 16.20 (horizontal swing high resistance, 61.8% Fibonacci retracement ,61.8% Fibonacci extension ) where a reversal to its support at 15.51 (61.8% Fibonacci retracement ,100% Fibonacci extension )

Stochastic (21,5,3) is also approaching resistance where we might see a corresponding drop in price.
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