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XAGUSD approaching support, potential bounce!

Long
OANDA:XAGUSD   Silver / U.S. Dollar
XAGUSD is approaching our first support at 14.8020 (horizontal pullback support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce might occur above this level to our major resistance at 15.2117 (horizontal overlap resistance, 50% Fibonacci retracement).
Stochastic is also approaching support.
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Losses can exceed the initial investment so please ensure you fully understand the risks.


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