easyMarkets

XAGUSD appraoching resistance, potential drop!

Short
OANDA:XAGUSD   Silver / U.S. Dollar
Price is approaching our first resistance at 14.87 (horizontal pullback resistance, 61.8% Fibonacci extension, 38.2% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 14.61 (horizontal swing low support).
RSI is also approaching resistance where we might see a corresponding drop in price.
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