XAGUSD approaching resistance, potential drop!

XAGUSD is approaching our first resistance at 15.53 (50% Fibonacci retracement, 100% Fibonacci extension, horizontal overlap resistance) where a strong drop might occur below this level pushing price down to our major support at 14.73 (horizontal swing low support, 61.8% Fibonacci extension).
Stochastic is also approaching resistance where we might see a corresponding drop in price.
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Chart PatternsHarmonic PatternsTrend AnalysisUSDXAGXAG USD ( Silver / US Dollar)xagusdlongxagusdshort

This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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