XAGUSD approaching support, potential bounce!
Price is approaching our first support at 14.3904 (horizontal overlap support, 100% Fibonacci extension, 78.6% Fibonacci retracement) where we might see a strong bounce above this level to our major resistance level at 14.80 (horizontal pullback resistance, 23.6% 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.
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