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Silver testing major support, potential for a bounce!

Long
Silver / U.S. Dollar (FX:XAGUSD)  
Tickmill Broker  
FX:XAGUSD   Silver / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns XAG USD ( Silver / US Dollar) xagusdidea xagusdshort xagusdlong silverlong silvershort silveridea silveranalysis silversignal
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trendanalysis harmonicpatterns chartpattern xagusd xagusdidea xagusdshort xagusdlong silverlong silvershort silveridea silveranalysis silversignal
XAGUSD is testing major support at 16.36 (Fibonacci retracement, horizontal swing low support) and a potential bounce could occur at this level to push price up to 16.71 resistance (Fibonacci retracement, horizontal swing high resistance, Fibonacci extension).

Stochastic (34,5,3) is also seeing major support above 4.3% where a corresponding bounce could occur to push price up.

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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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