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XAGUSD approaching Support, Prepare For A Bounce
XAGUSD is approaching its support at 14.98 (61.8% Fibonacci extension,23.6% Fibonacci retracement, horizontal swing high support) where it could potentially bounce to its resistance at 14.36(horizontal swing high resistance, 61.8% Fibonacci extension, 78.6% Fibonacci retracement).
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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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