XAGUSD Approaching Resistance, Potential Reversal

XAGUSD Approaching Resistance, Potential Reversal

XAGUSD is approaching its resistance at 15.99 (100% Fibonacci extension , 61.8% Fibonacci retracement , horizontal swing high resistance) where it could potentially reverse to its support at 15.59 (23.6% Fibonacci retracement , Horizontal pullback support 50% Fibonacci retracement ).

Stochastic (89, 5, 3) is approaching its resistance at 99% where a corresponding reversal could occur.

 

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