XAGUSD Reversed Off Resistance, Potential Drop!

XAGUSD reversed off its resistance at 15.49 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance) where it is could drop further to its support at 15.25 (50% Fibonacci retracement, horizontal swing low support).
Stochastic (89, 5, 3) reversed off its resistance at 97% where a corresponding drop could occur.
Chart PatternsHarmonic PatternsTrend Analysis

IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
Also on:

Disclaimer