XAGUSD is approaching our first support at 14.34 (horizontal swing high resistance, 61.8% Fibonacci extension , 78.6% Fibonacci retracement ) where a strong bounce might occur pushing the price up to our major resistance at 14.97(horizontal swing low support, , 50% Fibonacci retracement, 100% Fibonacci extension ). Stochastic 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.