XAGUSD Approaching Resistance, Potential Reversal
XAGUSD is approaching its resistance at 16.03 (100% Fibonacci extension, 61.8% Fibonacci retracement, Horizontal swing high resistance) where it could potentially reverse to its support at 15.25 (38.2% Fibonacci retracement , horizontal pullback support).
Stochastic (21, 5, 3) is approaching its resistance at 98% where a corresponding reversal could occur.
Stochastic (21, 5, 3) is approaching its resistance at 98% where a corresponding reversal could occur.
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