XAGUSD is facing bullish pressure, potential for a bounce.

Price is approaching our pivot, which is in line with our graphical overlap support, 100% Fibonacci extension and 61.8% Fibonacci retracement. We see a medium probability bullish scenario above our pivot at 24.6544, with 1st resistance at 27.8346 as a possible target. Failure to hold above pivot would see price swing the other way towards 1st support at 23.2508.

Pivot: 24.6544
Supporting Points:
graphical overlap support, 100% Fibonacci extension and 61.8% Fibonacci retracement

1st Support: 23.2508
Supporting Points:
Graphical pullback support, 76.4% Fibonacci retracement

1st Resistance: 27.8346
Supporting Points:
Graphical swing high resistance
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