Silver / U.S. DollarShort
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.
Stochastic (89, 5, 3) reversed off its resistance at 97% where a corresponding drop could occur.
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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.