XAGUSD is approaching our first resistance at 14.39 (horizontal overlap resistance, 38.2% Fibonacci retracement, 61.8%, 100% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 13.67 (horizontal swing low support).
Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias. Stochastic (21,5,3) is also approaching resistance and a reaction below this level might see a corresponding drop in price.
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