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.
If you would like the pivots for all pairs and our Forager Robot execution tool, please join our Strategic Access Group at https://www.globalfxtradinggroup.com/sag. Steve moderates that group as well and I participate daily…
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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