XAG/USD approaching support, potential bounce!

XAGUSD is approaching our first support at 14.8020 (horizontal pullback support, 61.8% Fibonacci extension , 61.8% Fibonacci retracement ) where a strong bounce might occur above this level to our major resistance at 15.2117 (horizontal overlap resistance, 50% Fibonacci retracement ). Stochastic is also approaching support. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

analytics5cafedfd48382.png

The material has been provided by InstaForex Company - www.instaforex.com

Comments