XAGUSD is approaching our first support at 14.79 (horizontal pullback support, 61.8% Fibonacci retracement , 61.8% Fibonacci extension ) where a strong bounce might occur to our first resistance at 15.56 (horizontal overlap resistance, 100% Fibonacci extension , 50% Fibonacci retracement ).
Stochastic is also approaching support where we might see a corresponding bounce in price.
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Losses can exceed the initial investment so please ensure you fully understand the risks.
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