XAGUSD approaching resistance, potential drop!
Price is approaching our first resistance (horizontal swing high resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) where a strong drop might occur below this level to our major support a (horizontal swing low support, 78.6% Fibonacci retracement, 100% Fibonacci extension). Stochastic is also approaching resistance.
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Losses can exceed the initial investment so please ensure you fully understand the risks.
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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