ICmarkets
Short

XAGUSD Approaching Resistance, Potential Reversal!

OANDA:XAGUSD   Silver / U.S. Dollar
XAGUSD is approaching its resistance at 15.52 (61.8% & 100% Fibonacci extension , horizontal overlap resistance) where it is could reverse down to its support at 15.23 (76.4% Fibonacci retracement , horizontal swing low support).
Stochastic (55, 5, 3) is approaching its resistance at 98% where a corresponding reversal is expected.
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