XAG/USD approaching support, potential bounce!

XAGUSD is approaching our first support at 14.91 (61.8% Fibonacci extension , 61.8% Fibonacci retracement , Horizontal overlap support) where a strong bounce might occur above this level to our major resistance at 15.60 (100% Fibonacci extension , 50% Fibonacci retracement , Horizontal swing high resistance).

Stochastic is also approaching support where we might see a corresponding bounce in price.

Trading CFDs on margin carries high risk.

Losses can exceed the initial investment so please ensure you fully understand the risks.

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