Klimex
Short

XAGUSD Approaching Resistance, Potential Reversal

FX_IDC:XAGUSD   Silver / U.S. Dollar
XAGUSD is approaching its resistance at 15.99 (100% Fibonacci extension , 61.8% Fibonacci retracement , horizontal swing high resistance) where it could potentially reverse to its support at 15.59 (23.6% Fibonacci retracement , Horizontal pullback support 50% Fibonacci retracement ).

Stochastic (89, 5, 3) is approaching its resistance at 99% where a corresponding reversal could occur.

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