Tickmill
Short

XAGUSD near key resistance, could possibly drop

OANDA:XAGUSD   Silver / U.S. Dollar

XAGUSD reversed off our first resistance at 14.66 (61.8% Fibonacci extension ,78.6% Fibonacci retracement , horizontal pullback resistance) where it could potentially drop to its support at 14.36(horizontal swing low support, 61.8% Fibonacci extension , 78.6% Fibonacci retracement ).

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This analysis is provided as general market commentary and does not constitute investment advice.
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