XAGUSD approaching support, potential bounce!
XAGUSD is approaching our first support at 14.8020 (horizontal swing low support, 61.8% Fibonacci retracement , 61.8% Fibonacci extension ) where a strong bounce to our major resistance at 15.20565 (horizontal overlap resistance, 50% Fibonacci retracement ) might occur.
Stochastic is also approaching support where we might see a corresponding bounce in price.
Stochastic is also approaching support where we might see a corresponding bounce in price.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.