Silver testing major support, potential for a bounce!

XAGUSD is testing major support at 16.36 (Fibonacci retracement, horizontal swing low support) and a potential bounce could occur at this level to push price up to 16.71 resistance (Fibonacci retracement, horizontal swing high resistance, Fibonacci extension).

Stochastic (34,5,3) is also seeing major support above 4.3% where a corresponding bounce could occur to push price up.

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