XAGUSD is approaching strong support, watch for a potential boun

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XAGUSD is seeing strong support above 16.02 (Multiple fibonacci extensions, major 78.6% Fibonacci retracement, horiozntal swing low support area) and a strong bounce could occur at this level to push prices up to major resistance at 16.81 (Fiboancci extension, horizontal swing high resistance, fibonacci retracement).

Stochastic (55,5,3) is seeing strong support above 5.9% where a corresponding bounce could occur.