FX.co ★ XAGUSD reacting above ascending trendline support! Further push up incoming!

XAGUSD is holding above ascending trendline support. With technical indicators showing room for further upside, a further push up above 23.6% Fibonacci retracement and 1st support at 26.340 towards 1st resistance at 26.914 could be expected.

Trading Recommendation

Entry: 26.340

Reason for Entry:

23.6% Fibonacci retracement, ascending trendline support

Take Profit: 26.914

Reason for Take Profit:

-27.20% Fibonacci retracement

Stop Loss: 25.920

Reason for Stop Loss:

61.8% Fibonacci retracement, Graphical swing low support.