XAGUSD bounced off key resistance, could possibly drop XAGUSD i

By Tickmill
Broker

XAGUSD is approaching our first resistance at 14.98 (61.8% Fibonacci extension,23.6% Fibonacci retracement, horizontal swing high support) where it could potentially bounce to its resistance at 14.36(horizontal swing high resistance, 61.8% Fibonacci extension, 78.6% Fibonacci retracement).
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Chart PatternsHarmonic PatternsTrend AnalysisUSDXAGXAG USD ( Silver / US Dollar)
Tickmill
Broker
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results

Disclaimer