XAGUSD price near key resistance, could possibly drop

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Gold / dollar
Gold / dollar

XAGUSD is approaching its resistance at 14.66 (61.8% Fibonacci extension, 23.6% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 14.30 (78.6% Fibonacci retracement,61.8% Fibonacci extension, horizontal swing low support). Stochastic (89, 5, 3) is approaching its resistance where a corresponding reversal is expected.

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