XAGUSD is approaching our first resistance at 15.31 (horizontal swing high resistance, 100% , 38.2% ) where a strong drop might occur below this level pushing price down to our major support at 14.46 (horizontal swing low support, 76.4% , 100% ). is also approaching resistance
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
This analysis is provided as general market commentary and does not constitute investment advice.