easyMarkets

XAGUSD approaching support, potential bounce!

Long
OANDA:XAGUSD   Silver / U.S. Dollar
XAGUSD is approaching our first support at 14.83 (horizontal pullback support, 61.8% Fibonacci extension , 61.8% retracement , short term ascending line) where a strong bounce might occur to our first resistance at 15.30 (horizontal overlap resistance, 61.8% 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.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter