XAGUSD reversed off resistance, potential for further drop!
XAGUSD reversed off our first resistance at 14.79 (23.6% Fibonacci retracement , horizontal swing high resistance) where a strong drop might occur below this level pushing price to our major support at 14.58 (61.8% fibonacci extension , 23.6% Fibonacci retracement).
Stochastic (55, 5, 3) is also testing resistance and we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (55, 5, 3) is also testing resistance and we might see a corresponding drop in price.
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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