XAGUSD is approaching our first resistance at 1.13730 (horizontal swing high resistance, 61.8%, 100% Fibonacci extension, 50%, 61.8% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 1.1322 (horizontal swing low support, 38.2% Fibonacci retracement). Stochastic (89,5,3) 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.