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XAGUSD approaching resistance, potential drop!

Price is approaching our first resistance (horizontal swing high resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) where a strong drop might occur below this level to our major support a (horizontal swing low support, 78.6% Fibonacci retracement, 100% Fibonacci extension). Stochastic is also approaching resistance.
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Losses can exceed the initial investment so please ensure you fully understand the risks.




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