XAGUSD near support, could possibly bounce
Price is approaching our first support (61.8% Fibonacci extension , horizontal pullback support) , a strong bounce might occur pushing the price up to our major resistance (horizontal swing high resistance, 38.2% & 23.6% Fibonacci retracement ). Stochastics also showing support. 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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