ICmarkets
Short

XAGUSD Approaching Resistance, Potential Reversal

FX_IDC:XAGUSD   Silver / U.S. Dollar
XAGUSD is approaching its resistance at 16.03 (100% Fibonacci extension , 61.8% Fibonacci retracement , Horizontal swing high resistance) where it could potentially reverse to its support at 15.25 (38.2% Fibonacci retracement , horizontal pullback support).

Stochastic (21, 5, 3) is approaching its resistance at 98% where a corresponding reversal could occur.
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