XAGUSD is approaching our first support at 14.46 (76.4% Fibonacci retracement , 100% Fibonacci extension , horizontal swing low support) where a strong bounce might occur above this level pushing price up to our major resistance at 15.06 (horizontal swing high resistance, 38.2% Fibonacci retracement ). Stochastic is also approaching support where we might see a corresponding bounce in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.