ICmarkets
Long

XAGUSD Approaching Support, Potential Bounce

FX_IDC:XAGUSD   Silver / U.S. Dollar
XAGUSD             is approaching its support at 14.23 (61.8% & 100%x2 Fibonacci extension , horizontal swing low support) where it could potentially bounce to its resistance at 14.47 (100% Fibonacci extension , 38.2% Fibonacci retracement , horizontal pullback resistance). Stochastic (89, 5, 3) is approaching its support at 5% where a corresponding bounce could occur.



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