XAGUSD approaching resistance, potential drop!

29 апр. 2019 г.

XAGUSD is approaching our first resistance at 15.53 (50% Fibonacci retracement, 100% Fibonacci extension, horizontal overlap resistance) where a strong drop might occur below this level pushing price down to our major support at 14.73 (horizontal swing low support, 61.8% Fibonacci extension).
Stochastic is also approaching resistance where 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.