XAGUSD is testing our first resistance at 14.98 (61.8% Fibonacci extension,23.6% Fibonacci retracement, horizontal swing high resistance) where it could potentially drop to its support at 14.36(horizontal swing high resistance, 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. Past performance is not indicative of future results