FX.co ★ XAG/USD Testing Resistance, Prepare For Reversal

XAG/USD is testing its resistance at 15.59 (50% & 38.2% Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 14.96 (38.2% Fibonacci retracement, horizontal swing low support) is expected.

Stochastic (55, 5, 3) has reversed off its resistance at 98% where a corresponding drop is expected.

XAG/USD is testing its resistance where we expect to see a reversal.

Sell below 15.59. Stop loss at 16.03. Take profit at 14.96.