XAGUSD near resistance, could possibly drop

By Tickmill
Broker

Price is approaching its 1st resistance (horizontal swing high resistance, 38.2% &50% Fibonacci retracement,100% Fibonacci extension) where it is expected to reverse down to its support (Horizontal swing low support,78.6% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic (89, 5, 3) is approaching its resistance where a corresponding reversal is expected
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Chart PatternsHarmonic PatternsTrend AnalysisUSDXAGxagisd
Tickmill
Broker
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results

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