XAGUSD reversing nicely, watch for a further drop!
XAGUSD is reversing nicely below major resistance at 16.80 (Fibonacci retracement, horizontal resistance area, Fibonacci extension) and a strong drop could occur from here pushing price down to 16.58 support (Fibonacci retracement, horizontal pullback support).
Stochastic (34,5,3) is seeing strong resistance at 92% where a corresponding reaction could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (34,5,3) is seeing strong resistance at 92% where a corresponding reaction could occur.
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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