XAGUSD is approaching support, potential bounce.

Price is facing bullish pressure from our pivot, in line with our graphical swing low support, ascending trend line, 100% fibonacci extension and 38.2% fibonacci retracement where we could see a further upside above this level to our resistance level at 29.6899. Failure to hold above our pivot level at 28.0565 could see a swing towards our first support target at 29.6899.

Pivot: 28.0565
Supporting Points:
graphical swing low support, ascending trend line, 100% fibonacci extension and 38.2% fibonacci retracement

1st Support: 26.6885
Supporting Points:
Horizontal overlap support, 61.8% fibonacci retracement

1st Resistance: 29.6899
Supporting Points:
Horizontal swing high resistance
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