Silver / U.S. DollarShort
XAGUSD near resistance, could possibly drop
Price is approaching its 1st resistance (horizontal swing high resistance, 38.2% &50% Fibonacci retracement,100% Fibonacci extension) where it is expected to reverse down to its support (Horizontal swing low support,78.6% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic (89, 5, 3) is approaching its resistance where a corresponding reversal is expected
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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.