easyMarkets
Short

XAGUSD approaching resistance, potential drop!

OANDA:XAGUSD   Silver / U.S. Dollar
Price is approaching our first resistance (horizontal overlap resistance, 100% Fibonacci extension , 38.2% Fibonacci retracement ) where a strong drop to our first support (horizontal swing low support, 50% Fibonacci retracement ) might occur.
Stochastic is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out