ICmarkets

XAGUSD Approaching Resistance, Potential Reversal!

Short
OANDA:XAGUSD   Silver / U.S. Dollar
XAGUSD is approaching its resistance at 15.60 (100% & 61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing high resistance) where it is could reverse down to its support at 15.34 (61.8% Fibonacci retracement, horizontal swing low support).
Stochastic (55, 5, 3) is approaching its resistance at 97% where a corresponding reversal is expected.

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